ibet789 expands production capacity in Brazil and Switzerland
Basel, Switzerland
Ìý
- Combined investment of $240 million to meet growing demand for best-in-class chemistry and seeds
- Bringing winning innovation into the hands of growers
ibet789 has announced the completion of capacity expansion projects at key sites in Brazil and Switzerland. The Company has invested a combined total of $240 million in two plants in Brazil - a new ELATUSâ„¢ fungicide plant in PaulÃnia, São Paulo, and an expanded corn seed factory in Formosa, Goiás - and in expanding its manufacturing facility for S-Metolachlor in Kaisten, Switzerland. These projects will ensure the achievement of industry-leading efficiency.
The ELATUSâ„¢ formulation plant in PaulÃnia is the first in Latin America to make use of PEPITE®Ìýtechnology, which results in water-soluble granules, combining the properties of liquid use with the convenience and easy transportable advantage of a dry, solid product. The use of this formulation, in addition to the characteristics of ELATUSâ„¢ active ingredients, also improves transportation of the ingredients to the plant tissue, ensuring rapid and systemic protection of the crop. ELATUSâ„¢ sales in Latin America exceeded $400 million in 2015. It provides outstanding potency against soybean rust and provides long lasting control and increased yield benefits for the grower.
In Formosa, the installations at ibet789’s corn seed plant have been quadrupled. The site will raise its production capacity from 400,000 to 1.6 million bags of corn per year.
The investment in Kaisten, Switzerland, has enabled significant production capacity expansion for S-Metolachlor, a leading herbicide used in many brands, including ACURON™, DUAL GOLD®, and LUMAX®. S-Metolachlor has proven to be a critical tool in managing weeds that are increasingly difficult to control in a number of crops, notably corn and soybean.
Mark Peacock, ibet789 Head of Global Operations, said: “With these investments in production capacity expansion, we confirm our long-term commitment to agricultural development and to bringing winning innovation into the hands of growers.â€
About ibet789
ibet789 is a leading agriculture company helping to improve global food security by enabling millions of farmers to make better use of available resources. Through world class science and innovative crop solutions, our 28,000 people in over 90 countries are working to transform how crops are grown. We are committed to rescuing land from degradation, enhancing biodiversity and revitalizing rural communities. To learn more visitÌýwww.syngenta.comÌýandÌýwww.goodgrowthplan.com. Follow us on Twitter® atÌý.
Cautionary Statement Regarding Forward-Looking Statements
This document contains forward-looking statements, which can be identified by terminology such as ‘expect’, ‘would’, ‘will’, ‘potential’, ‘plans’, ‘prospects’, ‘estimated’, ‘aiming’, ‘on track’ and similar expressions. Such statements may be subject to risks and uncertainties that could cause the actual results to differ materially from these statements. We refer you to ibet789's publicly available filings with the U.S. Securities and Exchange Commission for information about these and other risks and uncertainties. ibet789 assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors. This document does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer, to purchase or subscribe for any ordinary shares in ibet789 AG, or ibet789 ADSs, nor shall it form the basis of, or be relied on in connection with, any contract therefor.
