Syngenta to Build New Seeds Plant in Argentina

Posted by |13 July 2012

Syngenta affirmed its long-term commitment to Argentine agriculture with a $50 million investment to build a new processing plant for corn and sunflower seeds. The announcement followed a meeting between Argentina President Cristina Fernández de Kirchner and Syngenta CEO, Mike Mack.

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.

“With its wealth of agricultural resources, Argentina is ideally placed to help satisfy growing global demand for food and feed,” Mack said. “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.”

Source: Syngenta, edited by FCI Staff