Lysaker, Norway
August 6, 2012
- Syngenta and Agrinos to expand their existing industrial cooperation across crops and geographies
- Syngenta to bring Agrinos products to market through its distribution network from the first quarter of 2013
- The companies will begin the development of biological crop protection products and strategies based on Agrinos technologies
Agrinos today announced that Syngenta and Agrinos have expanded their existing commercial cooperation. In April this year Agrinos announced it had entered into an initial pre-commercial test phase with Syngenta to explore the viability of different product combinations, to be marketed as new offerings by Syngenta. The trial results to date have supported a decision to expand the cooperation and initiate commercial discussions.
The expanded agreement will enable Syngenta to bring Agrinos products to market either in combination with existing Syngenta technologies or on a stand-alone basis from the first quarter of 2013. Simultaneously, trials will continue within Europe, Middle East and Africa on further crops, and plans for new trials in the Asia Pacific and Americas regions will be developed. The results from such further trials will form the basis for further commercial expansions within the cooperation.
Agrinos and Syngenta will furthermore initiate discussions on how to utilize the Agrinos technology either in combination with existing Syngenta technologies or on a standalone basis in formulated crop protection offerings. This will be a significant first step for Agrinos in moving into the crop protection market from a biological platform.
Agrinos’ strategy is to commercialize its HYT™ technology in key agricultural regions across the world. The cooperation with Syngenta gives access to competence and experience, as well as to a fully developed sales and distribution network, which will give the company an opportunity to pursue the strategy with greater speed.
"I am very proud that Syngenta has expanded its cooperation with Agrinos. This move will accelerate our current market penetration and growth. Syngenta has significant experience and the power to drive the commercialization of our technology further in all markets. We are looking forward to capitalizing on their extensive knowledge base and global network. The professionalism of the people we have engaged with in Syngenta and the diligent nature of our co-operation provides comfort for a long and mutually rewarding partnership," said Agrinos Chief Executive Officer, Tom Einar Jensen.
“The agricultural market is changing due to resource constraints, environmental challenges and increasing demand for higher volumes of healthy food. Both Syngenta and Agrinos are at the forefront of those adapting to this macro picture, meeting growers needs with innovative and sustainable solutions”, Jensen concluded.
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