Syngenta to build new seeds plant in Argentina

BASEL, Switzerland, July 5, 2012 /PRNewswire/ -- Syngenta today announced a $50 million investment to build a new processing plant for corn and sunflower seeds in Argentina. The announcement followed a meeting between President Cristina Fernandez de Kirchner and Mike Mack, Chief Executive Officer of Syngenta, at which the company's long term commitment to Argentine agriculture was confirmed.

The plant, located in the country's central region, will supply Argentina and other key markets globally. It will create over 2,000 jobs, including 350 direct employees. Syngenta is also expanding facilities at seed production farms and continues to invest in seed development at its network of field stations: total investment over the next 12 months will be close to $100 million.

Mike Mack said: "With its wealth of agricultural resources, Argentina is ideally placed to help satisfy growing global demand for food and feed. This latest investment by Syngenta follows our recent introductions of innovative seed technologies and further demonstrates our commitment to the Argentine market, as well as our confidence in the global growth of our corn and sunflower businesses."

Syngenta is one of the world's leading companies with more than 26,000 employees in over 90 countries dedicated to our purpose: Bringing plant potential to life. Through world-class science, global reach and commitment to our customers we help to increase crop productivity, protect the environment and improve health and quality of life. For more information about us please go to www.syngenta.com.

Cautionary Statement Regarding Forward-Looking Statements

This document contains forward-looking statements, which can be identified by terminology such as 'expect', 'would', 'will', 'potential', 'plans', 'prospects', 'estimated', 'aiming', 'on track' and similar expressions. Such statements may be subject to risks and uncertainties that could cause the actual results to differ materially from these statements. We refer you to Syngenta's publicly available filings with the U.S. Securities and Exchange Commission for information about these and other risks and uncertainties. Syngenta assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors. This document does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer, to purchase or subscribe for any ordinary shares in Syngenta AG, or Syngenta ADSs, nor shall it form the basis of, or be relied on in connection with, any contract therefor.

SOURCE Syngenta

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED