syngenta, adama merger

In agriculture, for instance, there are 400-plus startups in Israel, many of which benefitted tremendously from Israel’s strength in crop protection. In 2020, the Syngenta Group was formed, bringing together Syngenta, Adama, and the agricultural business of Sinochem under a single entity. In 2020, the Syngenta Group was formed, bringing together Syngenta, Adama, and the agricultural business of Sinochem under a single entity. Erfahren Sie mehr zu Saatgut & Pflanzenschutz! Chen Lichtenstein, current president and CEO of ChemChina's crop protection company ADAMA, will be nominated as the CFO of the newly-formed Syngenta Group; Erik Fyrwald will take over as the CEO. Joe Krkoska will continue in his role as EVP, Head of Global Operations. On the announcement, ADAMA President and CEO Chen Lichtenstein said: "ADAMA has never been stronger. Over the past six years, Mr. Lichtenstein has led the Company as CEO to continuous strong performance and market share gains. This builds on his successful 14-year track record with ADAMA and his strong experience in capital markets. Talk of a merger between the two groups was raised in 2016, following ChemChina's acquisition of Syngenta, a Swiss pesticides and seeds company. Syngenta markets it as Bravo, Adama as Radial. Fax: +32 229-64301. ADAMA will collaborate with Israel agriculture startups to introduce novel disruptive technology including biotech and digital agriculture in global markets. Having gained capacities in China including that of Sanonda, Anpon, Dacheng Bio, and Huifeng, ADAMA will be the first generic company to have finished building the bridge between Chinese agrichemical capacity to the global market. Mr. Lahav joined Adama in 2010. SYNGENTA (Only the English text is authentic) MERGER PROCEDURE REGULATION (EC) 139/2004 Article 8(2) Regulation (EC) 139/2004 Date: 5.4.2017 This text is made available for information purposes only. As Dr. Camilla Corsi, Head of Crop Protection Research, Syngenta and Dr. Gerardo Ramos, Former Head of Syngenta Crop Protection R&D said on the panel discussion at the Crop Protection Leaders’ Forum in October 2017, Syngenta is transferring huge investments of R&D into third-party collaboration. ", Ignacio Dominguez, ADAMA's CEO-designate, commented: "I am excited to be leading with my colleagues this amazing company. In the future, ADAMA will have big supply advantages for key active ingredients such as glyphosate, dicamba, bifenthrin, prochloraz, dimethomorph, chlorothalonil, and more. For more information, visit us at www.ADAMA.com and follow us on Twitter® at @ADAMAAgri. Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË Tel: +32 229-91111. Independent R&D innovation will be the mainstream in future, which is happening in U.S. as venture capitalists pour millions into agtech startups. ADAMA will continue to be headquartered in Israel, and remain traded on the Shenzhen Stock Exchange, as well as maintain its unique brand and positioning. Chen Lichtenstein, President and CEO of ADAMA, was offered the position of CFO of Syngenta Group, with responsibility also for Strategy and Integration. Another aspect that needs to be taken into consideration is that Adama and Syngenta are both relying on active ingredients which provide the main chemical input for other manufacturers who want to develop crop protection products. See all author stories here. Syngenta Group announces that Syngenta AG completed a successful EUR 200 million tap of its existing EUR 600 million Eurobond, announced on 8 April and issued… Read more . from 8 AM - 9 PM ET, Copyright © 2020 PR Newswire Association LLC. Moreover, it is now listed on the Shenzhen Stock Exchange, translating to support on financing from stock market and investment organizations. Mr. Lichtenstein will be based in Basel, Switzerland. This move aims to further deepen the reform of state-owned enterprises and optimize resource allocation. A merger of Sinochem with ChemChina has been discussed in Beijing ever since ChemChina’s $44bn bid for Syngenta, China’s largest overseas acquisition, in the midst of an industry-wide consolidation from seven major global seeds and chemicals firms to four. No plants or fixed assets will be included, they said. Now, ChemChina owns Syngenta and ADAMA. Syngenta’s overseas R&D team has very close relationships with China’s R&D Institutions, agriculture universities, and R&D companies for more than 10 years. As opposed to the Dow Dupont merger, the Commission did not find that competition for innovation in pesticides would be impacted by the combination of ChemChina and Syngenta. Syngenta markets it as Agri-Mek, Adama as Abba. Mr. Dominguez has been instrumental in crafting and implementing the Company's global commercial and offering strategy. By Martinne Geller. ADAMA (the Company), Syngenta and Sinochem's agriculture-related activities, the businesses comprising the newly-formed Group, have made significant advances in … I am confident that Ignacio will continue to lead the Company to further growth and achievements, and wish him, Aviram, Shaul and Joe, as well as all of ADAMA, tremendous success in the future. Syngenta Group will reportedly have annual agrochemical sales of around $15 billion. He is an editorial advisor and regular columnist for AgriBusiness Global and an innovator in UAV application technologies and specialized formulations. The deal was awaiting approval by the Committee on Foreign Investment in the United States (CFIUS) and European government panels, citing food safety and security concerns. 6 October 2020 . These appointments are expected to be formalized and take effect in the course of the first quarter. Syngenta Group acquires leading Biologicals company, Valagro . Syngenta verkauft das Portfolio zusammen mit Adama Agricultural Solutions an das Agrarchemikalien-Unternehmen Nufarm Ltd. Der Kaufpreis beträgt 490 Millionen US-Dollar. Mr. Dominguez is a leading crop protection industry expert, and uniquely qualified to lead ADAMA through its next phase of growth. Meanwhile, Syngenta Group intends to acquire major agricultural assets from Sinochem Group. As such, there is no change in the Company's ultimate controlling shareholder. Geocom is a pioneer in image geoprocessing and the... UPL Ltd. is ranked No. Acquired by state-backed ChemChina in 2017, Syngenta aims to quadruple its market share in mainland China over five years, says its chief financial officer. Ben CohenPublic RelationsEmail: [email protected], Zhujun WangChina Investor RelationsEmail: [email protected], Cision Distribution 888-776-0942 ChemChina subsidiary ADAMA focuses on generic pesticides and is either the first- or second-largest generic supplier in the United States for each of these products. “Adama will not need to be sold. Its sales last year were $67 billion. The forming of the Group will further bolster the alignment between the companies, and capitalize on the value creation and synergy opportunities identified. Having been at the company for 20 years, and part of its Management and Executive Committee for more than a decade, I look forward to continuing its strong momentum and strategic direction. 3 Min Read. Born from the merging of Novartis and AstraZeneca in November 2000, … • Chlorothalonil, a fungicide used mainly on peanuts and potatoes. The reorganization includes Swiss agrochemicals producer Syngenta, which ChemChina acquired in 2017, and Israeli crop protection company Adama, wholly owned by ChemChina since 2016. A summary of this decision is published in all EU languages in the Official Journal of the European Union. Adama and Syngenta are planning to sell a package of European assets to remove overlaps in specific markets, said the people. A Sinochem-ChinaChem merger would mean that ADAMA will also have the support from Sinochem’s capacity of Yangnong Chemical. State-owned ChemChina acquired Syngenta in 2016 through a $43 billion deal for the agri-inputs giant, translating to $465 per share. The biggest challenge is the internal transformation: ADAMA needs to merge the business line. We are focused on listening to and serving our customers worldwide, while pursuing new opportunities for collaboration across the Group. Even we do not know the details of projects, we can assume that it will accelerate to transform China R&D for China and global market access. He has been with the Company for almost 20 years and currently serves on its Executive Committee that has directed the Company's business transformation over the last several years. The proposed merger would combine global seed and crop protection giants Switzerland-headquartered Syngenta and ChemChina which controls Adama, the largest supplier of generic crop protections products in Europe. Syngenta owns the branded version of each of the three products, giving it significant market shares in the United States, according to an FTC news release. Totally different to manage Chinese agrichemical production vs. simple China AI sourcing produziert unter anderem,... Chemchina to Syngenta Group intends to acquire major agricultural assets from Sinochem ’ s of! 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