Syngenta has invested $240 million in two plants in Brazil and one in Switzerland.
The plants are a new Elatus fungicide plant in Paulínia, São Paulo, an expanded corn seed factory in Formosa, Goiás, and a manufacturing facility for S-Metolachlor in Kaisten, Switzerland.
The plant in Paulínia is the first in Latin America to make use of Pepite technology, 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 Elastus active ingredients, also improves transportation of the ingredients to the plant tissue. Elatus sales in Latin America exceeded $400 million in 2015. It protects against soybean rust and provides long lasting control and increased yield.
In Formosa, the installations at Syngenta’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.
“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,” said Mark Peacock, Syngenta head of global operations.
Source: Business Wire