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Monsanto wants to expand its unit in Argentinaqrcode

Feb. 6, 2017

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Feb. 6, 2017

Monsanto Company
United States  United States

Monsanto plans to expand its unit in the city of Rojas, province of Buenos Aires, the major producing region in Argentina, in order to transform it into the biggest seed processing unit in the world. The information came from Juan Farinati, who assumed the presidency of the Argentinian unit in January of 2016 and transformed the troubled relations of the company with the local government in perspectives of big investments in Argentina.

The American multinational has yet a factory of agrochemicals in Zarate and a research center in the city of Pergamino – both in the province of Buenos Aires. The total revenue of the company in Argentina is US$ 1 billion, besides other US$ 1 billion revenue coming from exports.

According to Farinati, Argentina is the third in importance of Monsanto in the world, just behind the United States and Brazil. “There is a very important growth potential. In 10 years, we see Argentina producing 180 million metric tons of grains. We have a motto that we call “180 is possible” and it is a strategy to produce more through technology, crop rotation and management,” said him to Clarín newspaper.

The executive explains that the bet in Argentina is possible because the government Macri prioritized the field and is making positive changes. “Monsanto did not waste time and decide to invest strongly. We put US$ 220 million at the processing plant of corn and will be putting US$ 420 million directly to finance producers, besides giving tools that can pay the season through the banks with other US$ 200 million,” he announces. 

Source: AgroNews


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