On June 18, a new global agrochemical giant Syngenta Group officially surfaced. Syngenta Group Co., Ltd. (Syngenta.A.G., hereinafter referred to as Syngenta shares) released news that Syngenta Group was formally established on the same day. At the same time, Syngenta Group China was announced on June 19.
The merger of the two industries ends, optimistic about China's development space
In June 2017, China National Chemical Corporation announced that it had acquired Swiss agricultural chemical and seed company Syngenta for US$43 billion, setting a record for the largest single overseas acquisition by Chinese companies. Syngenta Group, formerly known as China National Chemical (Shanghai) Agricultural Technology Co., Ltd., is a subsidiary of China National Chemical Corporation and was incorporated in Shanghai in June 2019. On January 5, 2020, Sinochem Group and China National Chemical Corporation announced the injection of their agricultural assets into the newly established Syngenta Group.
Under the new structure, the group will include four business units: Syngenta Plant Protection, Syngenta Seeds, ADAMA and Syngenta Group China.
According to the previous plan, Syngenta Group will be divided into four business segments, namely Syngenta Crop Protection, Syngenta Seed Industry, ADAMA and Syngenta Group China. The headquarters of the four are located in four cities: Basel, Switzerland, Chicago, USA, Tel Aviv Airport City, Israel, and Shanghai, China.
ADAMA and Syngenta will retain their respective brands and compete in markets outside of China. ADAMA's main products include herbicides and pesticides, and it is also one of the global crop protection industry giants.
The separately established Chinese business is the second largest segment of Syngenta Group. The Chinese businesses of ADAMA and Syngenta have been allocated to this sector, and the integrated businesses include Yangnong Chemical, China Seed Group, Sinofert and other companies.
The newly established Syngenta Group China will include four major businesses: plant protection, seeds, crop nutrition, MAP and digital agriculture. It is China's largest supplier of agricultural inputs and a leading operator of modern integrated agricultural service platforms, occupying plant protection in the Chinese market. No. 1 in the industry, No. 1 in the fertilizer industry and No. 2 in the seed industry.
Syngenta Group said that in the domestic fertilizer market, the Chinese business unit ranked first in the industry.
Syngenta Group
Syngenta Group is one of the world's leading agricultural innovation companies, with a history dating back more than 250 years. The 48,000 employees of the Group in more than 100 countries and regions are committed to promoting agricultural transformation through breakthrough products and technologies, and playing a vital role in helping the food chain feed the world in a safe, sustainable and environmentally friendly manner. As a company owned by China and headquartered in Switzerland, the Group brings together the strengths of four business segments-Syngenta Plant Protection headquartered in Switzerland, Syngenta Seed headquartered in the United States, Adomat Headquartered in Israel and Syngenta Group China, serving customers around the world with industry-leading solutions.
Syngenta Group China
It was formed by Sinochem Agriculture, Syngenta, ADAMA and other companies. The newly established Syngenta Group China will include four major business units: plant protection, seeds, crop nutrition, MAP and digital agriculture. It is China's largest supplier of agricultural inputs and the leading operator of a modern integrated agricultural service platform. It has nearly 14,000 employees in China and sales in 2019 amounted to US$5.6 billion.
