Makhteshim Agan Industries laid the cornerstone of the company's new global Research and Development center at the Neot Hovav eco-industrial park in Israel.
"We are consistently working toward the implementation and development of advanced technologies in the fields of chemistry and environmental protection," said Eli Abramov, senior vice president of global resources at MAI.
"The new global center is another milestone in our strategic plan to strengthen MAI's R&D and manufacturing capabilities. This continued investment will support the growth and differentiation of our product portfolio to deliver reliable solutions to farmers."
The company intends to invest in the new global R&D center, which will become its central hub bringing together the company's R&D activities in Israel and worldwide including seven product development sites in Israel, Europe, North America and Asia. When complete, the center will employ over 100 researchers, including chemical engineers and chemists who will work together to formulate innovative crop protection solutions that aim to simplify farming.
Completion of the construction is expected in two years, and work within the new laboratories is scheduled to begin in eighteen months. The center will be built next to a newly constructed pilot facility that will allow the site to efficiently upscale from lab to production in one of 11 production facilities in the Makhteshim Agan Group.
The R&D center will be set up in accordance with stringent industry standards and contain state-of-the-art equipment on par with other leading R&D centers around the world.
The President and CEO of Makhteshim Agan, Erez Vigodman, the management of Makhteshim Agan, and the council members of the eco-industrial park Neot Hovav attended the ceremony.