Devgen Lays Out Growth Plan

Matt Hopkins Postado por Matt Hopkins|19 de maio de 2008

Ag biotech and seed company Devgen NV reported that its global growth strategy is moving forward as planned, according to Euronext.com.

Devgen reports that since the acquisition of its hybrid rice and other hybrid seed business activities in November in India, the company’s India management team has been put in place. Bipin Solanki was appointed as CEO of Devgen Seeds and Crop Technology Pvt Ltd., and a sales manager and a marketing manager have both been appointed.

Hybrid rice breeding activities in India and Kenya have been integrated in hopes  of improving the development of new rice hybrid seed varieties for the Indian and Southeast Asian markets.

Additionally, Devgen has successfully completed the field production season for hybrid rice, sorghum, and pearl millet hybrid seeds for the 2008 sales season, and in March a custom built seed processing plant with additional warehousing capacity became operational. Devgen is now shipping 21 hybrid seed products across India under the Frontline and Mahalaxmi brands.

In line with its strategic development plan, Devgen also finalized the trials for the compilation of the first registration dossiers of its candidate nematicide product in geographies such as the US and Southern Europe.

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