syngenta, adama merger

Syngenta is the leading patented AI producer in the world. By Lynda Kiernan ChemChina and Sinochem have announced a mega-merger of their agricultural assets into a new holding company to be called Syngenta Group. It needs to extend azoxysrobin’s life value and create novel co-formulations. Syngenta is the world’s top seller of crop protection products. ChemChina’s R&D system will bring strong support of key raw materials and intermediates and chemical resources. “Adama will not need to be sold. Syngenta sees no sale of ChemChina's Adama to get merger nod . Find out more. ADAMA Ltd. is one of the world's leading crop protection companies. We strive to Create Simplicity in Agriculture – offering farmers effective products and services that simplify their lives and help them grow. All Rights Reserved. Over the past six years, Mr. Lichtenstein has led the Company as CEO to continuous strong performance and market share gains. Davos, Switzerland | Reuters –– Syngenta, the Swiss pesticides and seeds group being taken over by ChemChina, does not expect antitrust regulators to force the Chinese state-owned company to put its subsidiary Adama up for sale, Syngenta’s CEO said on Tuesday. 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. 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. Der Umsatz 2015 (2014) betrug … Independent R&D innovation will be the mainstream in future, which is happening in U.S. as venture capitalists pour millions into agtech startups. Prior to running ADAMA, Mr. Lichtenstein was President and CEO of ChemChina's strategic business division China National Agrochemical Corporation (CNAC), as well as an Executive Director of Goldman Sachs in New York and London. The Commission points out that the transaction would take place in an industry that is already “relatively concentrated.” Together with ADAMA's people, with their passion and commitment, I am confident that we will drive our Company forward to ever greater heights.". The Syngenta Group is a leading global provider of ... by China National Chemical Corporation (ChemChina) in 2015. Cash flow and financing will become the fuel to drive ADAMA to invest more around the world like new co-formulation registrations globally. For more information, visit us at www.ADAMA.com and follow us on Twitter® at @ADAMAAgri. Aviram Lahav, ADAMA's CFO, is intended to be appointed as Deputy CEO of ADAMA and CEO of its wholly-owned subsidiary ADAMA Agricultural Solutions, alongside his current roles. On the announcement, ADAMA President and CEO Chen Lichtenstein said: "ADAMA has never been stronger. Mr. Dominguez has been instrumental in crafting and implementing the Company's global commercial and offering strategy. The reorganization includes Swiss agrochemicals producer Syngenta, which ChemChina acquired in 2017, and Israeli crop protection company Adama, wholly owned by ChemChina since 2016. The merger could, therefore, institute a monopoly on the supply of active ingredients. Syngenta verkauft das Portfolio zusammen mit Adama Agricultural Solutions an das Agrarchemikalien-Unternehmen Nufarm Ltd. Der Kaufpreis beträgt 490 Millionen US-Dollar. Syngenta Group. Strong R&D on generic active ingredient synthesis and formulation, and board collaboration with biotechnology R&D companies. The complaint alleges that without the proposed divestiture, the merger would eliminate the direct competition that exists today between ChemChina generics subsidiary ADAMA and Syngenta’s branded products. It is totally different to manage Chinese agrichemical production vs. simple China AI sourcing. The last two segments accounted for 58.5% of the group’s $23.2 billion sales in 2019, according to its website. ADAMA will collaborate with Israel agriculture startups to introduce novel disruptive technology including biotech and digital agriculture in global markets. 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. Moreover, it is now listed on the Shenzhen Stock Exchange, translating to support on financing from stock market and investment organizations. As we saw in the speech by CEO Chen Lichtenstein at the company’s name-changing ceremony in Shenzhen, ADAMA aims to establish an “end-to-end value chain.”. While there’s widespread interest for these products in the industry, the sellers aim to find a buyer that can maintain competition levels, the people said. Erfahren Sie mehr zu Saatgut & Pflanzenschutz! See all author stories here. By Martinne Geller. ChemChina and Sinochem are merging their agricultural assets into a new holding company named Syngenta Group, which will be based in Shanghai, China. ChemChina’s M&A strategy is always based on the “He” (harmony) philosophy coming from traditional Chinese culture. Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË Tel: +32 229-91111. It will incorporate dozens of new AIs for its future portfolio and double the number of its products. Read more. Mr. Lahav joined Adama in 2010. Mr. Lichtenstein will be based in Basel, Switzerland. Meanwhile, Syngenta Group intends to acquire major agricultural assets from Sinochem Group. Syngenta will need to establish a third-party alliance team for managing collaborations with ChemChina-SinoChem and ADAMA. 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 . Syngenta Vegetable Seeds presents its annual vegetable showcase in ground-breaking new digital format to share its innovative and sustainable vegetable varieties. A summary of this decision is published in all EU languages in the Official Journal of the European Union. 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. Ignacio Dominguez, currently co-Chief Commercial Officer (CCO) of ADAMA, is intended to be appointed as President and CEO of ADAMA. These appointments are expected to be formalized and take effect in the course of the first quarter. Das Unternehmen ist in der Sparte chemische Pflanzenschutzmittel (Fungizide, Herbizide, Insektizide: Syngenta Crop Protection) Marktführer und in der Sparte «kommerzielles Saatgut» (Mais, Soja, Sonnenblumen, Raps, Zuckerrüben, Getreide: Syngenta Seeds) auf Platz drei. A summary of this decision is published in all EU languages in the Official Journal of the European Union. Chen Lichtenstein, President and CEO of ADAMA, was offered the position of CFO of Syngenta Group, with responsibility also for Strategy and Integration. Syngenta Group is made up of four business units — Shenzhen-listed Israel-based crop protection company Adama Ltd., Syngenta Group China and Syngenta AG’s crop protection and seeds businesses. 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. Joe Krkoska will continue in his role as EVP, Head of Global Operations. Editor’s note: Contributor David Li examines the key strengths and weakenesses of ChemChina companies ADAMA and Syngenta. Ben CohenPublic RelationsEmail: [email protected], Zhujun WangChina Investor RelationsEmail: [email protected], Cision Distribution 888-776-0942 ChemChina intends to inject the 100% shares of Syngenta A.G. and 74.02% shares of ADAMA Ltd. held by ChemChina to Syngenta Group. This line will lead ADAMA in marketing and R&D strategies, and sales and supply chain management. Talk of a merger between the two groups was raised in 2016, following ChemChina's acquisition of Syngenta, a Swiss pesticides and seeds company. During his tenure, ADAMA successfully combined with a publicly traded company and is now listed on the Shenzhen Stock Exchange. • Chlorothalonil, a fungicide used mainly on peanuts and potatoes. The merger could, therefore, institute a monopoly on the supply of active ingredients. In agriculture, for instance, there are 400-plus startups in Israel, many of which benefitted tremendously from Israel’s strength in crop protection. Fax: +32 229-64301. Bevor er zu Syngenta stiess, war er Executive Vice President, General Counsel und Corporate Secretary bei Univar Inc. (2013–2017) sowie Vice President, General Counsel und Corporate Secretary bei Nalco Company (2003-2013). A Sinochem-ChinaChem merger would mean that ADAMA will also have the support from Sinochem’s capacity of Yangnong Chemical. Perhaps the most important consequence of this merger will be that China will have a strong word to say in the global agriculture industry, being able to compete directly with other large agrochemical giants, such as Bayer, Monsanto and BASF. Syngenta Group is made up of four business units — Shenzhen-listed Israel-based crop protection company Adama Ltd., Syngenta Group China and Syngenta AG’s crop protection and seeds businesses. This will help strengthen its position in the global market for the long term. The complaint alleges that without the proposed divestiture, the merger would eliminate the direct competition that exists today between ChemChina generics subsidiary ADAMA and Syngenta’s branded products. 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. The company, in addition, has key suppliers like Nutrichem. In the future, there is a need to look at China seed company M&A. from 8 AM - 9 PM ET, Copyright © 2020 PR Newswire Association LLC. The Best Covid-19 Responses Point the Way to Feeding the World Sustainably Food security has been placed at the center of the world stage by the Covid-19 pandemic, and we find ourselves at a turning point. Syngenta markets it as Agri-Mek, Adama as Abba. Syngenta Group acquires leading Biologicals company, Valagro . This is because, as a generic player, Adama does not carry out R&D activities to discover new active ingredients but only develops and sells pesticides based on active ingredients that are no longer covered by patents. Multinationals want to control the scale of R&D carefully for risk management after big mergers and acquisitions. To extend azoxysrobin ’ s note: Contributor David Li is Business Manager with Beijing-based SPM Biosciences Inc also... 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