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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Syngenta to Invest $500 Million in Africa; Build $1-Billion/Year Business

11:40 AM MDT | June 1, 2012 | —Deepti Ramesh

Mack: Africa has resources to be a food exporter. Syngenta says it plans to build a $1-billion/year business in Africa over the next 10 years and that the company will make cumulative investments in excess of $500 million to support the strategy. The planned investments will involve the recruitment and training of more than 700 new employees; the development of distribution channel networks, logistics, and local production facilities in collaboration with local partners; and increasing access to technology for smallholders and large-scale farms. “Africa has...

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