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China National Chemical Corporation announced on the 27th in Basel, Switzerland, that it has completed the acquisition of Syngenta, a Swiss agricultural chemical and seed company
.
In the future, Syngenta will focus on increasing its market share in emerging markets, including China, in order to further strengthen the company's advantages in the field of plant protection and its leading position in the seed industry
.
? ChemChina acquired Syngenta for US$43 billion, setting a record for a single overseas acquisition by a Chinese company
.
Ren Jianxin, the newly-elected chairman of Syngenta's board of directors and chairman of ChemChina, said that this acquisition reflects a high degree of consistency in the understanding and insights of the two parties on food security issues
.
? Ren Jianxin believes that the concept of food security is no longer limited to having enough food, but also means providing people with high-protein food
.
With the development of social economy, it is necessary to continuously improve the efficiency and quality of food production
.
Michel DeMar, Vice Chairman of Syngenta’s Board of Directors, also stated that this historic transaction will not only benefit all shareholders, but will also make a significant contribution to global food security
.
? At present, the Asia-Pacific market only accounts for about 15% of Syngenta's revenue.
Syngenta's huge potential in the Asia-Pacific market, especially the Chinese market, will be gradually released in the future
.
Ren Jianxin said that Syngenta has a very good foundation for entering China, and ChemChina will provide existing resources to help Syngenta develop in developing countries, especially in China
.
? After the acquisition, the integrity of Syngenta's operations, management and employees has been maintained, and the headquarters and main production and R&D institutions remain in Basel, Switzerland
.
Ren Jianxin said that Syngenta's strong innovation capabilities and advanced management experience will drive the structural adjustment, reform and development of China's state-owned enterprises
.
? As the world's largest plant protection company and the third largest seed company listed in Switzerland and the United States, Syngenta has more than 20,000 employees in more than 90 countries and regions around the world
.
As of the end of 2016, Syngenta had total assets of RMB 133.
42 billion, with sales revenue of RMB 89.
53 billion and net profit of RMB 8.
4 billion
.
.
In the future, Syngenta will focus on increasing its market share in emerging markets, including China, in order to further strengthen the company's advantages in the field of plant protection and its leading position in the seed industry
.
? ChemChina acquired Syngenta for US$43 billion, setting a record for a single overseas acquisition by a Chinese company
.
Ren Jianxin, the newly-elected chairman of Syngenta's board of directors and chairman of ChemChina, said that this acquisition reflects a high degree of consistency in the understanding and insights of the two parties on food security issues
.
? Ren Jianxin believes that the concept of food security is no longer limited to having enough food, but also means providing people with high-protein food
.
With the development of social economy, it is necessary to continuously improve the efficiency and quality of food production
.
Michel DeMar, Vice Chairman of Syngenta’s Board of Directors, also stated that this historic transaction will not only benefit all shareholders, but will also make a significant contribution to global food security
.
? At present, the Asia-Pacific market only accounts for about 15% of Syngenta's revenue.
Syngenta's huge potential in the Asia-Pacific market, especially the Chinese market, will be gradually released in the future
.
Ren Jianxin said that Syngenta has a very good foundation for entering China, and ChemChina will provide existing resources to help Syngenta develop in developing countries, especially in China
.
? After the acquisition, the integrity of Syngenta's operations, management and employees has been maintained, and the headquarters and main production and R&D institutions remain in Basel, Switzerland
.
Ren Jianxin said that Syngenta's strong innovation capabilities and advanced management experience will drive the structural adjustment, reform and development of China's state-owned enterprises
.
? As the world's largest plant protection company and the third largest seed company listed in Switzerland and the United States, Syngenta has more than 20,000 employees in more than 90 countries and regions around the world
.
As of the end of 2016, Syngenta had total assets of RMB 133.
42 billion, with sales revenue of RMB 89.
53 billion and net profit of RMB 8.
4 billion
.
