15 April 2003 17:02 [Source: ICIS news]
HOUSTON (CNI)--US agricultural products giants Monsanto and DuPont announced an agreement Tuesday that will allow DuPont to license Monsanto's recently approved YieldGuard technology for production of corn seed resistant to rootworm.
The companies disclosed few details about the deal, noting only that DuPont's agricultural subsidiary Pioneer Hi-Bred International (PHB) will receive a royalty-bearing license to the technology while Monsanto receives royalties and certain other payments from DuPont.
PHB's president, Rick McConnell, said the deal will allow PHB to provide its customers with new technology in PHB brand hybrids.
Monsanto is headquartered in St Louis, Missouri and DuPont is based in Wilmington, Delaware.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|