Dow AgroSciences, Syngenta announce CIS supply and distribution agreement

Dow AgroSciences, a wholly owned subsidiary of The Dow Chemical Company, and Syngenta announced the signing of an exclusive supply and distribution agreement under which Syngenta will assume responsibility for the supply and distribution of Dow AgroSciences crop protection products in the Commonwealth of Independent States (CIS) region. The countries include: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan.

The CIS supply and distribution agreement will become fully operational on September 1, 2010 with the exception of Ukraine which is subject to regulatory approval. A number of the current Dow AgroSciences employees located in the CIS region will remain with Dow AgroSciences to support the supply and distribution agreement. It is Syngenta’s intent to offer employment to the remaining Dow AgroSciences’ employees affected by this agreement.

"The supply and distribution agreement gives Dow AgroSciences the opportunity to expand the rapid growth of sales of our crop protection products in the emerging market of the CIS region by allowing us to benefit from Syngenta’s presence and expertise in the region,” said Antonio Galindez, President and CEO of Dow AgroSciences.

The Dow AgroSciences Seeds, Traits, & Oils businesses are not impacted by this agreement and will continue to be operated by Dow AgroSciences. AgroFresh will continue to be operated by current AgroFresh employees.

Financial details of the agreement, which will be subject to regular approvals from authorities, have not been disclosed.