Research Triangle Park,
NorthCarolina
December 20, 2005
BASF
and Nufarm Americas, Inc.
have entered into a multi-year supply agreement for the
herbicide Imazapyr for use in non-crop markets. Terms of the
agreement were not disclosed.
Under the agreement, BASF will
expand the market availability for Imazapyr-based products by
drawing on the strength of the combined distribution channels of
BASF and Nufarm Americas, Inc. BASF will continue to actively
market its Imazapyr-based product line, which includes Arsenal®
herbicide, Arsenal® herbicide Applicators Concentrate, Habitat®
herbicide, Sahara® herbicide and Stalker® herbicide. Nufarm
Americas, Inc. will develop and commercialize its own range of
products based on Imazapyr, beginning in some markets in 2006.
"We are pleased to have
concluded this supply agreement with Nufarm as part of our
lifecycle management strategy for Imazapyr," said Stephen P.
Briggs, Director of BASF SPD. "BASF is the only company able to
draw on three imidazolinone compounds in its portfolio, and we
plan to continue to strongly grow our business in this category.
As the market and innovation leader in the non-crop herbicides
segment, we have all intention to further expand our market
position by launching new active ingredients and optimizing the
commercial value of our existing portfolio."
"The supply agreement reached
with BASF is an important step in the strategy of Nufarm, aimed
at expediting the growth of our non-crop business," said Greg
Crawford, President of Nufarm Americas, Inc. "We believe
Imazapyr will play an important role in our portfolio in the
future. We are confident this molecule will help us reinforce
both our product mix and position as a leading supplier of
alternate brand products."
BASF Specialty Products
Department is a unit of BASF
Agricultural Products division and is based in Raleigh, N.C.
With sales of EUR 3,354 million in 2004, BASF's Agricultural
Products division is a leader in crop protection and a strong
partner to the farming industry providing well-established and
innovative fungicides, insecticides and herbicides. Farmers use
these products and services to improve yields and quality of
agricultural crops. Other uses include public health,
structural/urban pest control, turf and ornamental plants. BASF
aims to turn knowledge rapidly into market success. The vision
of BASF's Agricultural Products division is to be the world's
leading innovator, optimizing agricultural production, improving
nutrition, and thus enhancing the quality of life for a growing
world population.
BASF is the world's leading
chemical company. Its portfolio ranges from chemicals, plastics,
performance products, agricultural products and fine chemicals
to crude oil and natural gas. As a reliable partner to virtually
all industries, BASF's intelligent solutions and high-value
products help its customers to be more successful. BASF develops
new technologies and uses them to open up additional market
opportunities. It combines economic success with environmental
protection and social responsibility, thus contributing to a
better future. In 2004, BASF had approximately 82,000 employees
and posted sales of more than EUR 37 billion. BASF shares are
traded on the stock exchanges in Frankfurt (BAS), London (BFA),
New York (BF) and Zurich (AN).
Nufarm Americas, Inc. is a
subsidiary of Nufarm Limited, a manufacturer, supplier and
marketer of crop protection products based in Australia. Nufarm
is recognized as one of the leading agricultural and turf
chemical manufacturers in the world. Nufarm Americas, Inc.
formulates products that serve the agricultural, professional
turf, vegetation management and forestry markets in the United
States. |