Swiss Syngenta eyes doubling of key crop sales post 2015

21 June 2011 07:40  [Source: ICIS news]

SINGAPORE (ICIS)--Swiss agribusiness firm Syngenta said on Tuesday it expects sales of key crops to double to more than $17bn (€11.9bn) post 2015 as the company pursues a fully integrated commercial research and development organisation with a focus on global crops.

Future growth potential is underpinned by an innovation pipeline that should boost Syngenta’s sales of key crops from $8.4bn currently, said CEO Mike Mack in a statement.

Syngenta's identified major crops include cereals, corn, oilseeds, rice, soybean, sugar cane and vegetables, according to the statement.

The company said it had robust sales growth in the second quarter of 2011, after posting a 14% year-on-year growth in the first quarter.

In 2010, the company reported $11.6bn in overall sales, with crop protection business recording an $8.9bn turnover.

($1 = €0.70)

For more on Syngenta, visit ICIS company intelligence

By: Pearl Bantillo
+65 6780 4359

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