Syngenta announced a $50 million investment to build a new processing plant for corn and sunflower seeds in Argentina.

The announcement followed a meeting between President Cristina Fernández de Kirchner and Mike Mack, Chief Executive Officer of Syngenta, at which the company's long term commitment to Argentine agriculture was confirmed.

The plant, located in the country's central region, will supply Argentina and other key markets globally. It will create over 2,000 jobs, including 350 direct employees.

Syngenta is also expanding facilities at seed production farms and continues to invest in seed development at its network of field stations: total investment over the next 12 months will be close to $100 million.

Mike Mack said: "With its wealth of agricultural resources, Argentina is ideally placed to help satisfy growing global demand for food and feed. This latest investment by Syngenta follows our recent introductions of innovative seed technologies and further demonstrates our commitment to the Argentine market, as well as our confidence in the global growth of our corn and sunflower businesses."