Syngenta plans acquiring wheat winter oilseed rape business

Syngenta to acquire wheat and winter oilseed rape business of Lantmannen

11:23 AM, 16th June 2014
Syngenta plans acquiring wheat and winter oilseed rape business

BASEL, SWITZERLAND: Syngenta announced an agreement to acquire the German and Polish winter wheat and winter oilseed rape (WOSR) breeding and business operations of Lantmännen, the Swedish food, energy and agriculture group. Syngenta will gain access to high-quality germplasm, a seeds pipeline and commercial varieties which complement the company’s portfolio in two of Europe’s most important crops. Lantmännen employees in Germany and Poland will also join Syngenta.

The deal will support the continued development of hybrid cereals to growers worldwide. In WOSR, Syngenta will strengthen its breeding programme, enabling the development of highly competitive hybrids with yield stability and winter hardiness as well as broader disease resistance. As part of the transaction, Syngenta and Lantmännen will also enter into R&D collaboration in wheat, and Lantmännen will distribute Syngenta cereals and WOSR seeds in Sweden.

“This acquisition reinforces our position in the important cereals and WOSR markets of Germany and Poland, and immediately enables us to market Lantmännen seed for these crops in both countries. We will also incorporate their high-quality genetics into our international breeding programme to develop seeds that offer significant productivity benefits to growers,” said John Atkin, Chief Operating Officer, Syngenta.

 

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Massive reservoir of water located underneath Earth, finds new study

LONDON, UK: A massive reservoir of water three times the size of Earth’s oceans have for the first time been located hundreds of miles underneat ...

Read more
PPG acquires protective, marine coatings distributor in Panama

PITTSBURGH, US: PPG Industries has completed the previously announced acquisition of substantially all of the assets of Canal Supplies Inc (CSI), a pr ...

Read more
Sabic to produce technical grade urea in Al-Jubail, Saudi Arabia

AL-JUBAIL, SAUDI ARABIA: Sabic will introduce a specific grade of urea, technical grade urea, that will allow diesel engines run more efficiently and ...

Read more
UOP, TPC sign agreement for on-purpose butadiene technology licensing

DES PLAINES, US: TPC Group Inc and UOP LLC, a Honeywell company, have entered into an agreement for UOP to be the exclusive licensor of the proprietar ...

Read more
Gas leak accident at Bhilai steel plant kills six

BHILAI, INDIA: In an accident at Bhilai Steel Plant on 12 June 2014, at least six employees were killed and over 30 injured after a gas leak. The vict ...

Read more
Lonza to invest in clinical manufacturing facility in Visp, Switzerland

BASEL, SWITZERLAND: Lonza plans investment for technology and facility improvements to its Antibody Drug Conjugate (ADC) clinical manufacturing facili ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X