23 April 2013 20:20 [Source: ICIS news]
HOUSTON (ICIS)--Global agricultural products provider Monsanto announced on Tuesday that the company will commence a $400m (€308m) expansion of its Chesterfield Village Research Center this summer and upon completion will base both its research and development employees at the St. Louis, Missouri site.
Primarily known for its corn seed business, Monsanto said it plans to increase its workforce by 675 over a three-year period and add more facilities, including greenhouses and laboratory space, to increase its ability to develop its seed and seed trait portfolios.
The company said the new greenhouses will include plant growth chambers, which can recreate various climates.
"Our Chesterfield Village Research Center is already a world-class facility, and with our planned new investment, will truly be a home worthy of what I believe is the most innovative team in agriculture," said Robb Fraley, Monsanto's chief technology officer.
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