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Brazil
October 17, 2006
Source:
Valor Economico via
Syngenta
The Brazilian horticultural &
vegetables market that has been growing above the rest of the
world average is attracting seeds multinationals, such as
Syngenta Seeds, to carry
on local research. The firm has doubled up its seeds production
this year, obtaining in Brazil its better results. Syngenta is
now offering 40mil greens-seeds in Brazil and, due to its sales
performance, other seeds varieties are being developed. Until
the end of 2006, the group will open a melon, watermelon and
pumpkins seeds research center at Aracati (Ceara), via
investments of US$1,1mil. All the firm's seeds are currently
developed in the US, tested in several countries where it has
operations, and further commercialized to other countries. Most
of the seeds tested in Brazil are exported to Italy, Spain and
Middle East. Syngenta`s ROGERS division boasts two testing units
in the country, at Itatiba (Sao Paulo) and Uberlandia (Minas
Gerais).
Currently, the greens-seeds segment represent for 15,3% of
incomes in Latin America, which should be around US$15,7mil this
year, against US$11,8mil posted in 2005.
Syngenta is a world-leading agribusiness committed to
sustainable agriculture through innovative research and
technology. The company is a leader in crop protection, and
ranks third in the high-value commercial seeds market. Sales in
2005 were approximately $8.1 billion. Syngenta employs more than
19,000 people in over 90 countries. Syngenta is listed on the
Swiss stock exchange (SYNN) and in New York (SYT). Further
information is available at
www.syngenta.com |
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