Switzerland based agricultural products company,
), recently entered into a strategic pact with
E. I. du Pont de Nemours and Company
). The new deal allows the companies to use each other's
technologies. The transaction is subject to regulatory approvals.
Also, the financial terms of the deal are not yet announced.
Per the terms of the agreement, Syngenta is allowed to use
DuPont's fungicide oxathiapiprolin for its own products. This
technology is useful for developing products needed to control
diseases in grapes, potatoes, vegetables and other
Also, Syngenta will be entitled to use foliar and soil for all
the crops in the North American region as well as global usage in
the lawn and gardens segment.
In exchange, DuPont will be able to take the advantage of
Syngenta's Solatenol, to be mixed with DuPont's picoxystrobin
fungicide. The resultant product will be used in the Brazilian
region on soybeans and other crops. Solatenol is presently used
in controlling Asian rust in soybeans.
This deal, subject to approvals, will enhance both the
companies' product portfolio along with gaining a higher market
share. It will also be beneficial to Syngenta since it will
increase the sale of Solatenol in Brazil. Moreover, DuPont will
benefit from the deal as it will be in a better position to offer
profitable products to its customers, thereby increasing demand
Syngenta currently carries a Zacks Rank #4 (Sell). Other
stocks worth a look in the industry are
), both carrying a Zacks Rank #2 (Buy).
BRASKEM SA (BAK): Free Stock Analysis Report
DU PONT (EI) DE (DD): Free Stock Analysis
MONSANTO CO-NEW (MON): Free Stock Analysis
SYNGENTA AG-ADR (SYT): Free Stock Analysis
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