GFM Network News



Syngenta says IPO ‘on track’

Ag chem firm books higher first-half profit

Zurich | Reuters — Agricultural chemical maker Syngenta posted higher first-half profit and sales on Thursday, helped by maintaining supplies to farmers and controlling costs during the coronavirus outbreak, and said it was on track to complete its public listing by mid-2022. The Swiss company, bought by state-owned ChemChina for $43 billion in 2017, posted […] Read more


Industry leaders weigh in on seed royalty review

'Other markets... have already moved past this'

Syngenta’s Trevor Heck isn’t choosing a route for collecting seed royalty rates — but says the federal government needs to “move forward on some type of value capture” model. “Right now, you know, if we don’t have that within the seed industry, it’s going to be very difficult to be able to get the level […] Read more

Syngenta owner ChemChina to merge ag assets with Sinochem’s

Zurich | Reuters — ChemChina and Sinochem are consolidating their agricultural assets into a new holding company to be called Syngenta Group, ChemChina unit Syngenta said on Sunday. Chen Lichtenstein, current CEO of Shenzhen-listed crop protection company Adama, which will also be incorporated into the new group, will be nominated chief financial officer of the […] Read more


Syngenta to halt Canadian cereal development operations

Seed and ag chem giant Syngenta plans to wrap up a decade of cereal seed research and development work in Canada by the end of the year. The company announced Wednesday it will discontinue its Canadian cereal seed research and development program effective at the end of calendar 2019, affecting five Syngenta Canada staff positions. […] Read more

Chinese envoy says Syngenta takeover was a bad deal

Zurich | Reuters — Beijing’s ambassador to Switzerland said ChemChina’s US$43 billion takeover of seed and agrochemicals firm Syngenta was a mistake, adding he would have tried to stop the 2017 deal had he been in Bern at the time, a newspaper reported in an interview on Saturday. “If I had been the ambassador a […] Read more


Erin Gowriluk new executive director of Grain Growers

Erin Gowriluk is the new executive director of the Grain Growers of Canada. Gowriluk has an extensive background in agriculture policy. She most recently worked for Syngenta Canada and prior to that was the policy analyst for Alberta Wheat and Alberta Barley. She also has worked for Alberta Agriculture and Rural Development. “A strong leader, […] Read more

Pesticide makers create resistance website

The organization representing pesticide makers has a new online tool to help minimize herbicide resistance on farms. Three out of five Canadian growers are now dealing with herbicide-resistant weeds, Paul Hoekstra, a senior official at Syngenta and chair of CropLife Canada’s resistance management committee, said in a news release. Manage Resistance Now promotes using a […] Read more


Bunge reportedly ready to replace CEO

Reuters — Bunge Ltd. is preparing to replace its CEO Soren Schroder as the global grains trader faces investor pressure, the Wall Street Journal reported on Friday, citing sources. The company is expected to announce the CEO’s departure in the coming days, the report said, citing people familiar with the matter. The grains trader was […] Read more