Syngenta Announces Goals Following Merger with ChemChina

DanIndustry News Release, Seeds

chemchinaSyngenta is striving to strengthen its leadership position in crop protection and to become an ambitious number three in the agriculture seeds sector. In a news release this week, the company announced its priorities now that the takeover deal by ChemChina is complete. The company aims to profitably grow market share through organic growth and collaborations and is considering targeted acquisitions with a focus on seeds. Syngenta CEO Erik Frywald calls ChemChina a stable owner who will help Syngenta achieve its ambition. Syngenta officials also said that Syngenta remains a standalone company. Syngenta and the state-owned ChemChina agreed to terms of the takeover in February of last year, valuing Syngenta at $43 billion.

From the National Association of Farm Broadcasting News Service.