Syngenta to merge Crop Protection, Seeds
Source: Syngenta via PRNewswire.com
Syngenta unveiled a new strategy aimed at taking its offer to farmers around the world "to the next level."
As the Swiss-based firm announced a 6 percent rise in its 2010 revenues and growing market share, it released plans to merge its two biggest divisions, Crop Protection and Seeds, into one unit focused around its customers.
CEO Mike Mack said the first stage of the integration would be complete by 2012.
"This is the culmination of plans that havebeen under way for three years. Integration doesn't just mean people, it also means offers and I'm looking forward to being able to take two really strong businesses to a higher level of performance."