This excerpt taken from the SYT 6-K filed Feb 23, 2006.
Basel, Switzerland and Wilmington, Delaware, USA, 23 February 2006
Syngenta and DuPont today announced an agreement that will broaden each companys crop protection product offer.
The transactions are subject to certain national regulatory approvals. Financial terms were not disclosed.
John Atkin, Chief Operating Officer, Syngenta Crop Protection, said: This agreement gives Syngenta access to a novel class of chemistry that will set new standards in lepidoptera control. Combinations of Rynaxypyr with our modern insecticides will provide new broad-spectrum solutions in the global insecticide market estimated at around $7 billion. First launches are targeted for 2009. We shall continue to expand our industry-leading position in fungicides led by Amistar® and its range of combination products.
James C. Collins, Vice President and General Manager of DuPont Crop Protection, commented: These agreements further enhance our position in the global fungicide market estimated at around $ 7 billion. With
picoxystrobin, DuPont fills a gap and gains access to major fungicide customers and markets in the EU, Latin America and later in the United States. In insecticides, the agreement we have reached with Syngenta will allow us to expand and accelerate
the market potential for our new cutting edge technology.
Syngenta 23 February 2006 / Page 1 of 2
Syngenta is a world-leading agribusiness committed to sustainable agriculture through innovative research and technology. The company is a leader in crop protection, and ranks third in the high-value commercial seeds market. Sales in 2005 were approximately $8.1 billion. Syngenta employs more than 19,000 people in over 90 countries. Syngenta is listed on the Swiss stock exchange (SYNN) and in New York (SYT). Further information is available at www.syngenta.com.
DuPont is a science company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture, nutrition, electronics, communications, safety and protection, home and construction, transportation and apparel.
Syngenta 23 February 2006 / page 2 of 2
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.