Jun. 30, 2020
• Partnership to develop and commercialize a new rice production system for the Chinese agricultural market utilizing non-GMO technology
• First of its kind agreement will help bring innovative seed and traits to China
Shanghai, China – June 30, 2020 – BASF and Win-All Hi-Tech Seed Co., Ltd. (Win-All Hi-Tech) formed a partnership to develop a new non-GMO rice production system that helps farmers in China boost their yield and quality of the harvest.
“This agreement represents an important milestone for BASF’s expanding seeds and traits business, and our first in China,” said Jonathan Bryant, Vice President, Global Strategic Marketing, Seeds and Traits, BASF Agricultural Solutions. “As one of the leading global suppliers of agricultural solutions, we are pleased to be partnering with Win-All Hi-Tech, one of the strongest innovators in the marketplace, to provide growers in China with access to our world-class technology.”
Jiang Sanqiao, Deputy General Manager, Win-All High-Tech said, “We look forward to combining our expertise in seeds and plant breeding with BASF’s crop protection know-how to produce valuable new tools that can help Chinese rice farmers improve their productivity. Building on the success of our previous collaborations, we are confident that this new partnership will support China’s sustainable agriculture.”
China is the world’s leading producer of rice, and one of the world’s largest markets for agricultural technology, with more and more farmers adopting advanced practices to increase both productivity and sustainability. BASF spends nearly €900 million each year in research and development on new agricultural technology and aims at increasing its market presence in Asia, specifically China.
“Similar to farmers in other countries, Chinese farmers are facing increasing challenges, such as shortages of labor and increases in the costs of farming, which negatively impact their yields and profitability,” said Jackson Wang, Head of BASF’s Agricultural Solutions business in China. “Working together with Win-All, we look forward to bringing more innovative technologies to the market that are specially tailored to the needs of Chinese rice farmers. This is in line with our new global strategy – which includes a strong focus on supporting rice farmers in Asia.”
About Win-All Hi-Tech
Win-All Hi-Tech Seed Co. Ltd. is a modern high-tech agricultural company listed on Shenzhen Stock Exchange. Based on its core business of crop seeds, Win-All Hi-Tech extends to agricultural service and explores various involvements in agricultural industry chain. It is a Key Enterprise of China National Agricultural Industrialization and leads the global hybrid rice R&D and promotion. Win-All Hi-Tech has developed seed business in more than 20 Asian and African countries, engaged widely on hybrid rice, corn, wheat, cotton, rape, etc., and is one of the world’s largest suppliers of hybrid rice seeds.
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 117,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €59 billion in 2019. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com.
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