The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from PR Newswire

Syngenta Sets Out Path to Expand Global Leadership

Tuesday, June 21, 2011

Syngenta Sets Out Path to Expand Global Leadership01:00 EDT Tuesday, June 21, 2011BASEL, Switzerland, June 21, 2011 /PRNewswire/ --Integrated strategy to drive market share growthCapital Markets Day to showcase unrivaled technology breadthSales of key crops expected to more than double to surpass $17 billionSales growth in second quarter 2011 robustAt the 2011 Capital Markets Day at the Syngenta Jealott's Hill Research Centre, UK, senior executives will explain the significant value creation potential of the company's new integrated strategy. Executives will outline how the company targets market share gains driven by a fully integrated commercial and R&D organization with a global crop focus. The day will highlight the breadth of the company's technologies across all the world's major crops: cereals, corn, oilseeds, rice, soybean, sugar cane and vegetables.  "Since we announced our new strategy in February, we have made major progress in its implementation. Today we are sharing the value creation potential of that strategy," said Mike Mack, Chief Executive Officer. "Syngenta is focused upon the discovery and development of integrated solutions which go beyond the single product paradigm. Our confidence in the future growth potential of our business is underpinned by an innovation pipeline which will increase sales of key crops to over $17 billion post 2015, compared with $8.4 billion today. This, combined with our integrated business model, will enable us to grow faster than the global market and deliver superior returns to our shareholders. In addition, the resilience of our sales in the second quarter, despite adverse weather conditions, demonstrates the strength of the current portfolio upon which we are building our new strategy.""This is an exciting time to be working at Syngenta as we embark on a new era of innovation and productivity," said Sandro Aruffo, Head Syngenta R&D. "Our crop and grower-focused approach to research and development, combined with our broad range of technologies and the quality of our scientists, underpins our confidence that we will continue to outperform in the years to come." Syngenta is one of the world's leading companies with more than 26,000 employees in over 90 countries dedicated to our purpose: Bringing plant potential to life. Through world-class science, global reach and commitment to our customers we help to increase crop productivity, protect the environment and improve health and quality of life. For more information about us please go to www.syngenta.com Note to the editor:Key slides from the day's presentations will be available from 17.00 CET at www.syngenta.com. Cautionary Statement Regarding Forward-Looking StatementsThis document contains forward-looking statements, which can be identified by terminology such as 'expect', 'would', 'will', 'potential', 'plans', 'prospects', 'estimated', 'aiming', 'on track' and similar expressions. Such statements may be subject to risks and uncertainties that could cause the actual results to differ materially from these statements. We refer you to Syngenta's publicly available filings with the U.S. Securities and Exchange Commission for information about these and other risks and uncertainties. Syngenta assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors. This document does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer, to purchase or subscribe for any ordinary shares in Syngenta AG, or Syngenta ADSs, nor shall it form the basis of, or be relied on in connection with, any contract therefor.Syngenta International AGMedia OfficeCH-4002 BaselSwitzerlandTel:       +41 61 323 23 23Fax:       +41 61 323 24 24www.syngenta.comMedia contacts:Michael Edmond IsaacSwitzerland   +41 61 323 2323  Paul MinehartUSA              +1 202 737 8913Analyst/Investor contacts:Jennifer GoughSwitzerland   +41 61 323 5059USA       +1 202 737 6521Claire HinshelwoodSwitzerland   +41 61 323 7812USA       +1 202 737 6520SOURCE Syngenta