DuPont
and Syngenta enter into crop protection technology exchange
Syngenta and DuPont
today announced an agreement that will broaden each company’s crop protection
product portfolios and enable them to bring new products to market more
efficiently.
The companies will
share the costs to prepare the regulatory studies for DuPont Cyazypyr™, a new
broad spectrum insecticide for the control of lepidoptera and sucking pests,
leading to expanded global registrations and commercialization opportunities for
both companies. Cyazypyr™ is complementary to the DuPont Rynaxypyr® insect
control product that Syngenta is developing in mixtures with its own leading
insect control products.
Under the agreement,
Syngenta will also grant DuPont access to mesotrione, the active ingredient in
Callisto®. DuPont
will develop mixtures with their proprietary herbicides for use on corn and
sugarcane.
John Atkin, Chief
Operating Officer Syngenta Crop Protection said: “This agreement gives Syngenta
access to new chemistry to develop broad spectrum solutions in the global
insecticide market, estimated at around $8 billion. These products, which are
highly complementary to our portfolio and pipeline, will provide additional
options for growers to better control pests and increase yields. The mesotrione
agreement further expands the opportunity for this market leading
technology.”
“This is another
external acknowledgement of the quality of the DuPont pipeline of crop
protection products, as well as an innovative step in the DuPont strategy to
bring new pipeline products to our customers faster and with broader labels than
ever before,” said James C. Collins, vice president and general manager of
DuPont Crop Protection. “This agreement expands our offerings and enables DuPont
to make additional investments in our future pipeline to deliver answers that
will help our customers improve their productivity and profitability both today
and in the future.”
Financial terms of
the agreement were not disclosed.
Syngenta – June 24,
2008 / Page 1 of 3
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 2007 were
approximately $9.2 billion. Syngenta employs over 21,000 people in more than
90 countries. Syngenta is listed on the Swiss stock exchange (SYNN) and in
New York (SYT). Further information is available at www.syngenta.com.
DuPont is a
science-based products and services company. Founded in 1802, DuPont puts
science to work by creating sustainable solutions essential to a better, safer,
healthier life for people everywhere. Operating in more than 70 countries,
DuPont offers a wide range of innovative products and services for markets
including agriculture and food; building and construction; communications; and
transportation.
DuPont™, Rynaxypyr® and Cyazapyr™ are registered trademarks of DuPont
or its affiliates.
DuPont Media
contact:
Doyle
Karr
+1 515 270
3428
doyle.a.karr-1@usa.dupont.com
DuPont
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contains forward-looking statements based on management’s current expectations,
estimates and projections. All statements that address expectations or
projections about the future, including statements about the company’s strategy
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business; competitive pressures; successful integration of structural changes,
including acquisitions, divestitures and alliances; research and development of
new products, including regulatory approval and market acceptance, and
seasonality of sales of agricultural products.
Syngenta – June 24,
2008 / Page 2 of 3
Syngenta
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contains forward-looking statements, which can be identified by terminology such
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