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Agrimarketing : January-Febuary 2010
AT CLOSING NEWS Arysta LifeScience Corporation namesWayne Hewett Pres/ CEO. Formerly COO, he succeeds Chris Richards, who becomes Chmn of the Board of Directors. Prior, Hewett worked for GE. Hewett Sumitomo Chemical Company Ltd. executes aMOU with NufarmLtd. and will hold discussions on possible areas of strategic cooperation across a number of business areas, such as co-distribution, joint R&D programs and seed-related businesses. Also, under theMOU, Sumitomo will make a public offer to acquire 20% of NuFarm’s shares. Nufarm has terminated discussions with Sinochem Corp. in relation to its proposal to acquire the company. Syngenta grants Dow AgroSciences (DAS) a global license to develop and commercialize stacked combinations of Syngenta’s COT102 transgenic event with DAS’ traits. The COT102 event contains Vip3A, a vegetative insecticidal protein that is structurally different to insect traits currently on the market and has a distinct mode of action, which is an important tool for insect resistance management. The Vip3A technology will also be sold by Syngenta and its licensees in corn as the Agrisure Viptera trait, pending receipt of all remaining regulatory approvals. AgriMarketing magazine announces it’s five most commonly read news items reported at www.AgriMarketing.com during 2009. 1. TopManagement Changes Announced AtMonsanto 2. Eight Largest Seed Companies 3. Fascinating Video of Nation’s Largest Dairy Farm 4. Ten Largest Crop Protection Companies Listed 5. Deere to Combine Its Ag And Commercial/Consumer Divisions 6 Agri Marketing s January/February 2010 DAS will also receive licenses for a number of VipCot cotton varieties, stacked with glyphosate tolerance, for sale in the U. S. under its PhytoGen cottonseed brand. Pending regulatory approvals, these varieties are expected to be launched in 2012 and will offer cotton growers protection against cotton pests such as cotton bollworm, tobacco budwormand armyworms. Merger andAcquisition activities. DSP CEO George Thornton says, “This alliance enables DSP to expand its existingM&Aactivities into supply chain optimization. The supply chain practice will be focused primarily on regional cooperatives.” Under the non exclusive agree- ment, Fuzion will provide DSP members with product and infrastructure services including sourcing, branding, financial and escrow management as well as managing the logistical functions. Kinnune Dr. Swords Syngenta Seeds, Inc. promotes Shelly Kinnune to the newly created position of VP, Bus Transformation. Dr. Kathy Swords joins the company in another new position, VP/QualityMgmt. She was with Simplot Plant Sciences. Fine Americas, Inc. promotes Greg Johnson to Pres. He was VP, Sales &Mktg for the firm which manufacturers and markets plant growth regulators for fruit and ornamental growers. Johnson Kemin Industries Inc. acquires a majority share of an Italian manufacturer of encapsulation technology and products sold via distribution by Soda Feed Ingredients. These technologies provide a targeted release in the gastrointestinal tract, application for rumen bypass and protection for hard to handle active ingredients. Direct Supply Partners, LLC (DSP), announces a strategic marketing alliance with Fuzion Holdings. DSP is a crop input consultancy whose focus is on Supply Chain and Greiner Ferguson Farmers National Company presents its 2009 Top Business Development Award to Larry Greiner of Iowa City, IA. The company names Rod Ferguson of Argenta, IL, as its 2009 FarmManager of the Year. Bruce Hageman joins Dairy Farmers of America, Inc. as VP, Farm Services division. He is a 20-year dairy industry marketing veteran. AgGateway launches the Product Cost Information (PCI) Project to standardize the process by which sellers transmit product cost information to buyers so that information can be electronically synchronized with minimal manual intervention. The proliferation of product SKUs and increased Forbes magazine namesMonsanto its 2009 “Company of the Year.” The magazine cites its sales have increased at an annualized 18% clip over five years; its annualized return on capital in the period has been 12% to earn the distinction. Monsanto’s first round of attackers said its seeds were evil. Now the charge is thatMonsanto’s seeds are too good.
World Ag Congress