Syngenta raises its sales forecast

Syngenta announced that it expects sales for its eight key strategic crops to reach $25 billion by the end of the decade, compared with a previous target of over $22 billion. This increase is being driven by the accelerating rate of innovation and strategy delivery across the company.

In May, the company upgraded its sales expectations for Corn and Cereals. This week, at a meeting for the investment community in Pune, India, senior Syngenta executives will outline the potential for Rice and Vegetables, whose combined sales are now expected to reach $5 billion.

Mike Mack, Chief Executive Officer, commented "Since we announced our new strategy in February 2011 we have focused on the rapid integration of our commercial teams and on broad-based innovation. I am pleased to say that success in both these areas has enabled us to increase our expectations for future growth across our eight strategic crops. We shall this week be sharing the details of our progress and potential in both Rice and Vegetables, reflecting our unique ability to integrate technologies and to meet the needs of smallholder farmers in Asia."