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Syngenta to expand corn seed production capacity in Formosa, Brazil

2013-02-06 06:00:00| Corn & Soybean Digest

  Syngenta today announced plans to invest $77 million in the expansion of its corn seed production facility in Formosa, Brazil. Annual capacity will be quadrupled to 1.6 million bags by 2015. Corn production in Brazil is expected to almost double by 2020, spurred by growth in the pork and poultry sectors. Over the same period, the value of Brazil’s corn seed market is expected to reach $2.7 billion with increased second season production and greater technology adoption. read more

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