Sep. 30, 2024
In a strategic move to bolster their presence in the Russian agrochemical market, UPL and Synthesia Chemi have entered into a partnership agreement. Both companies have agreed to focus their efforts on improving the business of their agrochemical portfolio, aiming to leverage their respective strengths for mutual benefit.
Under the terms of the agreement, UPL will assume the role of the exclusive distributor of Synthesia Chemi's current agrochemical portfolio in the Russian Federation. This partnership combines UPL's strong organizational capabilities with Synthesia Chemi's broad portfolio in cereals, in particular several herbicides with attractive profiles and modern fungicides, enhancing the prospects of both companies in Russia through synergies.
UPL, an international company with a strong foothold in seeds, crop protection, innovative biosolutions, and storage technologies, has been ranked in the TOP-5 crop protection companies globally and has held the #1 position in biosolutions for the recent years.
Synthesia Chemi, a relatively new company based in Nuremberg, Germany. It focuses on the development of innovative agrochemicals based on generic active ingredients, but in unique compositions.
The partnership between UPL and Synthesia Chemi is set to optimize the portfolio and sales of agrochemicals in the Russian Federation, promising a brighter future for both companies. With the signing of this agreement, the two companies are poised to make significant strides in the agrochemical sector, benefiting farmers and the industry as a whole.
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