• Syngenta to supply and distribute Dow AgroSciences crop protection products in the CIS
• Accelerates growth opportunities in CIS emerging markets
Syngenta and Dow AgroSciences, a wholly owned subsidiary of The Dow Chemical Company, today announced the signing of an exclusive supply and distribution agreement under which Syngenta will assume responsibility for the supply and distribution of Dow AgroSciences crop protection products in the Commonwealth of Independent States (CIS) region. The countries include Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine and Uzbekistan.
The CIS supply and distribution agreement will become fully operational on September 1, 2010, with the exception of Ukraine which is subject to regulatory approval. A number of the current Dow AgroSciences employees located in the CIS region will remain with Dow AgroSciences to support the supply and distribution agreement. Syngenta intends to offer employment to the remaining Dow AgroSciences employees affected by this agreement.
“This supply and distribution agreement builds on our strategy to expand our business in emerging markets,” said John Parr, Syngenta Regional Head EAME Crop Protection. “We see significant potential in Dow AgroSciences’ portfolio, which is highly complementary to our own.”
Financial details of the agreement, which will be subject to regular approvals from authorities, have not been disclosed. The Dow AgroSciences Seeds, Traits, & Oils businesses are not impacted by this agreement and will continue to be operated by Dow AgroSciences. AgroFresh will continue to be operated by current AgroFresh employees.
Syngenta is one of the world`s leading companies with more than 25,000 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.
Syngenta Cautionary Statement Regarding Forward-Looking Statements This 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.
Alla Boyko, tel: +380 50 353 84 80, email@example.com
Vladimir Gaplik, tel: +380 50 357 01 49, firstname.lastname@example.org
tel: +380 44 494 17 71
fax: +380 44 494 17 70