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Important role Timorex Gold in US spraying program
Jan. 12, 2016
STK
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IsraelAfter a good track record in Latin America with its Timorex Gold bio-pesticide, the Stockton Group is now expanding its presence in North America. It will focus on the United States, initially in Fruits and Vegetables and then in row-crop.
“Great value that our products, like Timorex Gold, have is that they improve quality and yields without any of the residues of conventional pesticides,” said the new CEO, Guy Elitzur of Stockton Group. “Our products bring value during and after the growing cycle, and we are sure it will also have an important role in the spraying programs of the United States”. “California and Florida, with their abundance of fruit and vegetable crops, are obvious targets for the North American expansion, especially given Timorex Gold's history of effectively treating difficult crop diseases in Latin America. But Guy hopes to also reach growers of row crops.
“The challenge will be whether we can become a partner for row crops, because, right now, we cover most major fruit and vegetable crops very well,” said Guy. “We will continue to push our development pipeline to make sure we have more biological-based products for different crops.” This is in line with the larger goal of growing the company beyond its stature as a medium-sized company focusing on Latin America.
“When we look at the speed of growth of other players, we know we have to bring in more technology and grow into new geographical markets faster than those players,” said Guy. “So we want a bigger presence in new markets, and the larger goal is to create a healthy company in preparation for an IPO.”
Source: Stockton news release
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