Syngenta Looks to the Future
27 Junho 2017 - 8:30AM
Business Wire
Syngenta today announced its new ambition and priorities
following the completion of the transaction with ChemChina. The
company aims to profitably grow market share through organic growth
and collaborations, and is considering targeted acquisitions with a
focus on seeds. The goal is to strengthen Syngenta’s leadership
position in crop protection and to become an ambitious number three
in seeds. Key drivers for the next phase of growth will be further
expansion in emerging markets, notably China, the stepping up of
digital agriculture offers, and ongoing investment in new
technologies to increase crop yields while reducing CO2 emissions
and preserving water resources.
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View the full release here:
http://www.businesswire.com/news/home/20170627005708/en/
After being elected Chairman of the Board of Directors on June
26, Ren Jianxin, Chairman of ChemChina, reaffirmed that Syngenta’s
operational independence will be maintained and the existing
management team will continue to run the company. He said: “We
share Syngenta's strategic and long-term vision and look forward to
supporting Syngenta's growth, product offering and services.
Together with its Board and Management and all its employees, we
will work for the benefit of growers and to enhance food security
and fight famine around the world - based on principles of
technological leadership, environmental safety and
sustainability.”
Michel Demaré, Vice Chairman of Syngenta and Lead Independent
Director, said: “This transaction is historic for many reasons. Not
only is it the largest acquisition ever made by a Chinese company,
but also it is a deal focused on growth. All our stakeholders are
benefiting from this change of ownership. Jobs have been
safeguarded and farmers will continue to have a choice and enjoy
the benefits of our investments in technology. Syngenta will
continue to be headquartered and to pay taxes in Switzerland, with
major manufacturing and R&D sites in the country. Syngenta
remains a standalone company, with a new owner who has a long term
vision for our industry and will invest accordingly. The company
will maintain the highest corporate governance standards with four
Independent Directors on the Board. I look forward to working with
Ren Jianxin and the rest of the Board to further develop Syngenta
leadership in growth and sustainability. Together, ChemChina and
Syngenta will make a significant contribution to global food
security.”
Erik Fyrwald, CEO of Syngenta, said: “We play a vital role in
the food chain to safely feed the world and take care of our
planet. Our ambition is to be the most collaborative and trusted
team in agriculture, providing leading seeds and crop protection
innovations to enhance the prosperity of farmers, wherever they
are. With ChemChina we have a stable new owner who will help us to
achieve this ambition. At the same time we will sustain our focus
on productivity and on improving the customer experience. We are
excited by the global prospects and particularly those in China,
where we will utilise and build on our technology and know-how to
promote the highest agriculture, food safety and environmental
standards, as well as to increase productivity.”
About Syngenta
Syngenta is a leading agriculture company helping to improve
global food security by enabling millions of farmers to make better
use of available resources. Through world class science and
innovative crop solutions, our 28,000 people in over 90 countries
are working to transform how crops are grown. We are committed to
rescuing land from degradation, enhancing biodiversity and
revitalizing rural communities. To learn more visit
www.syngenta.com and www.goodgrowthplan.com. Follow us on Twitter®
at www.twitter.com/Syngenta.
About ChemChina
ChemChina, which is headquartered in Beijing, China, possesses
production, R&D and marketing systems in 150 countries and
regions. It is the largest chemical corporation in China, and
occupies the 234th position among the Fortune Global 500. The
company’s main businesses include materials science, life science,
high-end manufacturing and basic chemicals, among others.
Previously, ChemChina has successfully acquired 9 leading
industrial companies in France, United Kingdom, Israel, Italy and
Germany, etc. To learn more visit www.chemchina.com and
www.chemchina.com/press.
Cautionary statement regarding forward-looking
statements
Some of the statements contained in this press release are
forward-looking statements, which involves a number of risks and
uncertainties discussed in Syngenta’s public filings with the SEC,
including the "risk factors" section of Syngenta's Form 20-F filed
on February 16, 2017 as well as the U.S. Offer documents filed by
ChemChina and CNAC Saturn (NL) B.V. (“Purchaser”) and the
Solicitation/Recommendation Statement filed by Syngenta. These
statements are based on current expectations, assumptions,
estimates and projections, and involve known and unknown risks,
uncertainties and other factors that may cause results, levels of
activity, performance or achievements to be materially different
from any forward-looking statements. These statements are generally
identified by words or phrases such as "believe", "anticipate",
"expect", "intend", "plan", "will", "may", "should", "estimate",
"predict", "potential", "continue" or the negative of such terms or
other similar expressions. If underlying assumptions prove
inaccurate or unknown risks or uncertainties materialize, actual
results and the timing of events may differ materially from the
results and/or timing discussed in the forward-looking statements,
and you should not place undue reliance on these statements.
ChemChina, Purchaser and Syngenta disclaim any intent or obligation
to update any forward-looking statements as a result of
developments occurring after the period covered by this press
release or otherwise.
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Syngenta International AGMedia OfficeTel: +41 61 323
2323Fax: +41 61 323 2424www.syngenta.comorMedia
contacts:Leandro ContiSwitzerland+41 61 323 2323orPaul
MinehartUSA+1 202 737 8913orAnalyst/Investor
contacts:Jennifer GoughSwitzerland+41 61 323 5059orUSA+1 202
737 6521
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