It is totally different to manage Chinese agrichemical production vs. simple China AI sourcing. Chen Lichtenstein, current president and CEO of ChemChina's crop protection company ADAMA, will be nominated as the CFO of the newly-formed Syngenta Group; Erik Fyrwald will take over as the CEO. This move aims to further deepen the reform of state-owned enterprises and optimize resource allocation. The Commission points out that the transaction would take place in an industry that is already “relatively concentrated.” He is an editorial advisor and regular columnist for AgriBusiness Global and an innovator in UAV application technologies and specialized formulations. The merger could, therefore, institute a monopoly on the supply of active ingredients. Syngenta markets it as Bravo, Adama as Radial. The last two segments accounted for 58.5% of the group’s $23.2 billion sales in 2019, according to its website. ADAMA will continue to be headquartered in Israel, and remain traded on the Shenzhen Stock Exchange, as well as maintain its unique brand and positioning. These appointments are expected to be formalized and take effect in the course of the first quarter. The company will need to learn how to best utilize China’s capacity and R&D resources efficiently. Another aspect that needs to be taken into consideration is that Adama and Syngenta are both relying on active ingredients which provide the main chemical input for other manufacturers who want to develop crop protection products. Having gained capacities in China including that of Sanonda, Anpon, Dacheng Bio, and Huifeng, ADAMA will be the first generic company to have finished building the bridge between Chinese agrichemical capacity to the global market. ADAMA is becoming a distinctive member of this newly-formed industry leader through the contribution of the stake that ChemChina currently owns in ADAMA into the Group. The acquisition of Huifeng will be very critical: Huifeng has much stronger off-patent AI synthesis capability than any other subsidiary of ADAMA. The biggest challenge is the internal transformation: ADAMA needs to merge the business line. Under the terms of the merger, ChemChina will transfer its 100% ownership in Swiss Syngenta as well as its 74.02% share in Adama to Syngenta Group, which will itself acquire Sinochem’s primary agricultural assets. In 2020, the Syngenta Group was formed, bringing together Syngenta, Adama, and the agricultural business of Sinochem under a single entity. 8(2) - Purchaser approval Date: 15.03.2018 . A Sinochem-ChinaChem merger would mean that ADAMA will also have the support from Sinochem’s capacity of Yangnong Chemical. Meanwhile, Syngenta Group intends to acquire major agricultural assets from Sinochem Group. Compared to Bayer and BASF, Syngenta has an older portfolio vs. other competitors. ADAMA’s China team can facilitate very fast access to the Asia market. He has been with the Company for almost 20 years and currently serves on its Executive Committee that has directed the Company's business transformation over the last several years. Since ADAMA headquarters is still in Israel, management organization remains stable. Chen Lichtenstein to become CFO of newly-formed Group, responsible also for Strategy and Integration, Ignacio Dominguez to become ADAMA CEO; Aviram Lahav to become ADAMA's Deputy CEO and CEO of its wholly-owned subsidiary ADAMA Agricultural Solutions. Even though ADAMA has many years of experience handling China sourcing before merged by ChemChina, the new ADAMA top management needs to reorganize its supply chain management after acquiring new subsidiaries like Huifeng. The proposed merger would combine global seed and crop protection giants Switzerland-headquartered Syngenta and ChemChina which controls Adama, the largest supplier of generic crop protections products in Europe. Acquired by state-backed ChemChina in 2017, Syngenta aims to quadruple its market share in mainland China over five years, says its chief financial officer. 3 Min Read. See all author stories here. Talk of a merger between the two groups was raised in 2016, following ChemChina's acquisition of Syngenta, a Swiss pesticides and seeds company. Syngenta Group. The Best Covid-19 Responses Point the Way to Feeding the World Sustainably Food security has been placed at the center of the world stage by the Covid-19 pandemic, and we find ourselves at a turning point. The combined agrichemical revenues of ChemChina from Syngenta ($9.2 billion) and ($3.3 billion) has already created a Chinese-owned agrichemical business worth some $12.5 billion based on last year’s sales. We strive to Create Simplicity in Agriculture – offering farmers effective products and services that simplify their lives and help them grow. Davos, Switzerland | Reuters –– Syngenta, the Swiss pesticides and seeds group being taken over by ChemChina, does not expect antitrust regulators to force the Chinese state-owned company to put its subsidiary Adama up for sale, Syngenta’s CEO said on Tuesday. Geocom is a pioneer in image geoprocessing and the... UPL Ltd. is ranked No. Syngenta mit Sitz in Basel produziert unter anderem Saatgut, Pflanzenschutzmittel und Mittel, die das Wachstum von Pflanzen regulieren. China National Chemical Corp. (ChemChina) and Sinochem Group, which are carrying out a merger, said Sunday that the agricultural chemical assets of the two parents will be assigned to the newly formed Syngenta Group. This will help strengthen its position in the global market for the long term. Das Unternehmen ist in der Sparte chemische Pflanzenschutzmittel (Fungizide, Herbizide, Insektizide: Syngenta Crop Protection) Marktführer und in der Sparte «kommerzielles Saatgut» (Mais, Soja, Sonnenblumen, Raps, Zuckerrüben, Getreide: Syngenta Seeds) auf Platz drei. DAVOS, Switzerland (Reuters) - Syngenta SYNN.S, the Swiss … Its sales last year were $67 billion. Syngenta sees no sale of ChemChina's Adama to get merger nod . Syngenta, having access to the Chinese agrichemical R&D gate, will have lower costs of new molecule discovery and pilots. Syngenta Group acquires leading Biologicals company, Valagro . Together with ADAMA's people, with their passion and commitment, I am confident that we will drive our Company forward to ever greater heights.". As opposed to the Dow Dupont merger, the Commission did not find that competition for innovation in pesticides would be impacted by the combination of ChemChina and Syngenta. The company, in addition, has key suppliers like Nutrichem. Such key suppliers are controlling a huge percentage of global agrichemical supply, including global registration of key off-patent AIs of multinationals like BASF. Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË Tel: +32 229-91111. Die Transaktion dient der Erfüllung von Auflagen, die durch die EU Kommission im Rahmen der Übernahme von Syngenta durch ChemChina festgelegt wurden. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu EUROPEAN COMMISSION Brussels, … History. The reorganisation includes Syngenta, the Swiss pesticide producer that ChemChina agreed in 2016 to buy for $43 billion. Fax: +32 229-64301. Having been at the company for 20 years, and part of its Management and Executive Committee for more than a decade, I look forward to continuing its strong momentum and strategic direction. Syngenta will need to establish a third-party alliance team for managing collaborations with ChemChina-SinoChem and ADAMA. This builds on his successful 14-year track record with ADAMA and his strong experience in capital markets. ChemChina’s R&D system will bring strong support of key raw materials and intermediates and chemical resources. Syngenta Vegetable Seeds presents its annual vegetable showcase in ground-breaking new digital format to share its innovative and sustainable vegetable varieties. For more information, visit us at www.ADAMA.com and follow us on Twitter® at @ADAMAAgri. Syngenta is the world’s top seller of crop protection products. By Martinne Geller. It needs to extend azoxysrobin’s life value and create novel co-formulations. By Lynda Kiernan ChemChina and Sinochem have announced a mega-merger of their agricultural assets into a new holding company to be called Syngenta Group. The forming of the Group will further bolster the alignment between the companies, and capitalize on the value creation and synergy opportunities identified. Chen Lichtenstein, current president and CEO of ChemChina's crop protection company ADAMA, will be nominated as the CFO of the newly-formed Syngenta Group; Erik Fyrwald will take over as the CEO. Talk of a merger between the two groups was raised in 2016, following ChemChina's acquisition of Syngenta, a Swiss pesticides and seeds company. Before joining Adama, he served as CEO of Synergy Cables, a publicly traded manufacturing company. Syngenta is the leading patented AI producer in the world. Vor seiner Ernnennung zum Group General Counsel war Stephen Landsman von 2017 bis 2018 Global Head of Mergers, Acquisitions and Integration bei Syngenta. Erfahren Sie mehr zu Saatgut & Pflanzenschutz! Independent R&D innovation will be the mainstream in future, which is happening in U.S. as venture capitalists pour millions into agtech startups. In the future, there is a need to look at China seed company M&A. • Chlorothalonil, a fungicide used mainly on peanuts and potatoes. During his tenure, ADAMA successfully combined with a publicly traded company and is now listed on the Shenzhen Stock Exchange. The reorganization includes Swiss agrochemicals producer Syngenta, which ChemChina acquired in 2017, and Israeli crop protection company Adama, wholly owned by ChemChina since 2016. ADAMA (the Company), Syngenta and Sinochem's agriculture-related activities, the businesses comprising the newly-formed Group, have made significant advances in their collaboration over the last year, generating meaningful additional revenue through cross-sales and benefiting from procurement and operational savings. MERGER PROCEDURE Decision on the implementation of remedies - Art. A summary of this decision is published in all EU languages in the Official Journal of the European Union. Davor hatte … Syngenta owns the branded version of each of the three products, giving it significant market shares in the United States, according to an FTC news release. 1 Globally in Agrochemical Sector by Sustainalytics, Heliae, WinField United Canada Collaborate to Bring Regenerative Agriculture Technology, Profitability for Farmers. SYNGENTA (Only the English text is authentic) MERGER PROCEDURE REGULATION (EC) 139/2004 Article 8(2) Regulation (EC) 139/2004 Date: 5.4.2017 This text is made available for information purposes only. Syngenta verkauft das Portfolio zusammen mit Adama Agricultural Solutions an das Agrarchemikalien-Unternehmen Nufarm Ltd. Der Kaufpreis beträgt 490 Millionen US-Dollar. Even we do not know the details of projects, we can assume that it will accelerate to transform China R&D for China and global market access. We need to also consider the management of Sanonda, Anpon, and Dacheng Bio. Strong R&D on generic active ingredient synthesis and formulation, and board collaboration with biotechnology R&D companies. Mr. Lichtenstein will be based in Basel, Switzerland. With one of the most comprehensive and diversified portfolios of differentiated, quality products, our more than 7,000-strong team reaches farmers in over 100 countries, providing them with solutions to control weeds, insects and disease, and improve their yields. Read more. This move aims to further deepen the reform of state-owned enterprises and optimize resource allocation. Steve Landsman wird General Counsel und Laure Roberts wird Chief Human Resources Officer. Our fantastic people have built together a wonderful company with clear strategy and direction, able to continuously grow and navigate confidently through the rough seas that our industry has seen in the last few years. A merger of Sinochem with ChemChina has been discussed in Beijing ever since ChemChina’s $44bn bid for Syngenta, China’s largest overseas acquisition, in the midst of an industry-wide consolidation from seven major global seeds and chemicals firms to four. TEL AVIV, Israel, Jan. 5, 2020 /PRNewswire/ -- ChemChina and Sinochem today announced that they are consolidating their agricultural businesses into a new holding company within ChemChina, domiciled in Shanghai, which will be called the Syngenta Group Co. I am confident that Ignacio will continue to lead the Company to further growth and achievements, and wish him, Aviram, Shaul and Joe, as well as all of ADAMA, tremendous success in the future. It needs early-stage R&D to invest in new molecule discovery, and to shorten the distance between R&D and local market demand. ADAMA Ltd. is one of the world's leading crop protection companies. While there’s widespread interest for these products in the industry, the sellers aim to find a buyer that can maintain competition levels, the people said. ChemChina intends to inject the 100% shares of Syngenta A.G. and 74.02% shares of ADAMA Ltd. held by ChemChina to Syngenta Group. The Group is expected to become the world's leading agriculture inputs company, spanning crop protection, seeds, fertilizers, additional agricultural and digital technologies, as well as an advanced distribution network in China, reaching farmers nationwide. David Li is Business Manager with Beijing-based SPM Biosciences Inc. We are focused on listening to and serving our customers worldwide, while pursuing new opportunities for collaboration across the Group. Perhaps the most important consequence of this merger will be that China will have a strong word to say in the global agriculture industry, being able to compete directly with other large agrochemical giants, such as Bayer, Monsanto and BASF. “The listed company aims to boost synergy and enhance overall profitability through a merger with Adama,” Sanonda said in the filing. The merger could, therefore, institute a monopoly on the supply of active ingredients. In the late 1990s, the merger of Astra and Zeneca created the world’s third-largest chemical and pharmaceutical manufacturer. from 8 AM - 9 PM ET, Copyright © 2020 PR Newswire Association LLC. Syngenta Group is made up of four business units — Shenzhen-listed Israel-based crop protection company Adama Ltd., Syngenta Group China and Syngenta AG’s crop protection and seeds businesses. Editor’s note: Contributor David Li examines the key strengths and weakenesses of ChemChina companies ADAMA and Syngenta. 6 October 2020 . Syngenta markets it as Agri-Mek, Adama as Abba. Not only are ChemChina’s R&D organizations cooperating with Syngenta, Sinochem’s R&D institutions like Zhejiang Research and Shenyang Research are also starting collaborations with the company for new R&D projects. The last two segments accounted for 58.5% of the group’s $23.2 billion sales in 2019, according to its website. On the announcement, ADAMA President and CEO Chen Lichtenstein said: "ADAMA has never been stronger. Cash flow and financing will become the fuel to drive ADAMA to invest more around the world like new co-formulation registrations globally. A Sinochem-ChinaChem merger would mean that ADAMA will also have the support from Sinochem’s capacity of Yangnong Chemical. Ben CohenPublic RelationsEmail: [email protected], Zhujun WangChina Investor RelationsEmail: [email protected], Cision Distribution 888-776-0942 As we saw in the speech by CEO Chen Lichtenstein at the company’s name-changing ceremony in Shenzhen, ADAMA aims to establish an “end-to-end value chain.”. State-owned ChemChina acquired Syngenta in 2016 through a $43 billion deal for the agri-inputs giant, translating to $465 per share. ADAMA has proposed a development strategy it calls “Core Leap,” in which it will explore possible formulations of new AIs coming off patent in the next decade. Der Vollzug muss noch von der EU Kommission genehmigt werden und … No plants or fixed assets will be included, they said. ", Ignacio Dominguez, ADAMA's CEO-designate, commented: "I am excited to be leading with my colleagues this amazing company. Shaul Friedland, currently co-CCO of ADAMA, will be ADAMA's sole CCO, leading the company's commercial activities worldwide. Der Präsident der Agrarsparte von Sinochem, Qin Hengde, wird künftig das Agrargeschäft in China von Syngenta und Adama leiten – dem israelischen Tochterunternehmen … Find out more. All Rights Reserved. On this World Food Day, we are well positioned to build a … Moreover, Syngenta also needs new technology for fungicide resistance. ADAMA will collaborate with Israel agriculture startups to introduce novel disruptive technology including biotech and digital agriculture in global markets. Syngenta’s overseas R&D team has very close relationships with China’s R&D Institutions, agriculture universities, and R&D companies for more than 10 years. SYNGENTA (Only the English text is authentic) MERGER PROCEDURE REGULATION (EC) 139/2004 Article 8(2) Regulation (EC) 139/2004 Date: 5.4.2017 This text is made available for information purposes only. The reorganisation includes Syngenta, the Swiss pesticide producer that ChemChina agreed in 2016 to buy for $43 billion. ADAMA (the Company), Syngenta and Sinochem's agriculture-related activities, the businesses comprising the newly-formed Group, have made significant advances in … It will incorporate dozens of new AIs for its future portfolio and double the number of its products. The deal was awaiting approval by the Committee on Foreign Investment in the United States (CFIUS) and European government panels, citing food safety and security concerns. The Syngenta Group is a leading global provider of ... by China National Chemical Corporation (ChemChina) in 2015. Chen Lichtenstein, President and CEO of ADAMA, was offered the position of CFO of Syngenta Group, with responsibility also for Strategy and Integration. This line will lead ADAMA in marketing and R&D strategies, and sales and supply chain management. Now, ChemChina owns Syngenta and ADAMA. Meanwhile, Syngenta Group intends to acquire major agricultural assets from Sinochem Group. Mr. Dominguez has been instrumental in crafting and implementing the Company's global commercial and offering strategy. ChemChina’s M&A strategy is always based on the “He” (harmony) philosophy coming from traditional Chinese culture. ChemChina has been expanding aggressively overseas in recent years, acquiring the Swiss crop protection giant Syngenta and the Israeli generic agchem maker Adama. A summary of this decision is published in all EU languages in the Official Journal of the European Union. The complaint alleges that without the proposed divestiture, the merger would eliminate the direct competition that exists today between ChemChina generics subsidiary ADAMA and Syngenta’s branded products. He had also served as CFO, COO and eventually CEO of Delta Galil Industries over a span of 11 years. Mr. Dominguez is a leading crop protection industry expert, and uniquely qualified to lead ADAMA through its next phase of growth. Syngenta Group announces that Syngenta AG completed a successful EUR 200 million tap of its existing EUR 600 million Eurobond, announced on 8 April and issued… Read more . The new entity, named Syngenta Group, also incorporates Israeli crop protection company Adama.Chinese state-owned enterprise (SOE) ChemChina owns both Adama and Syngenta, and is … Aviram Lahav, ADAMA's CFO, is intended to be appointed as Deputy CEO of ADAMA and CEO of its wholly-owned subsidiary ADAMA Agricultural Solutions, alongside his current roles. After the completion of the transfer of ADAMA's shares into the Group, Chen Lichtenstein is expected to remain on ADAMA's board of directors, and be joined by Erik Fyrwald, CEO of the new Group, who will replace Yang Xingqiang as Chairman. Multinationals want to control the scale of R&D carefully for risk management after big mergers and acquisitions. BEIJING, CHINA and TEL AVIV, ISRAEL, 16 March 2018 – Global crop protection company ADAMA today reported that the transfer of certain crop protection products and distribution rights from Syngenta AG (“Syngenta”) to ADAMA, as announced on 24th October 2017, is underway. “Adama will not need to be sold. As such, there is no change in the Company's ultimate controlling shareholder. Born from the merging of Novartis and AstraZeneca in November 2000, … As Dr. Camilla Corsi, Head of Crop Protection Research, Syngenta and Dr. Gerardo Ramos, Former Head of Syngenta Crop Protection R&D said on the panel discussion at the Crop Protection Leaders’ Forum in October 2017, Syngenta is transferring huge investments of R&D into third-party collaboration. Der Umsatz 2015 (2014) betrug … 1 in the agrochemical... WinField United will integrate the PhycoTerra soil microbe food... Contributor Dr. Bob Fairclough provides insights into the factors... North America Hampered by Weather, Trade, But Planted Area Set to Rise in 2021, 8 Ways 2020 Will Affect 2021 in Global Agribusiness, How COVID-19, Lawsuits Are Impacting Bayer’s Glyphosate Pricing Strategy, Koppert Biological Systems Acquires Brazilian Geocom to Accelerate Precision Farming, UPL Ranked No. Mr. Lahav joined Adama in 2010. A, HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. In February 2016, ChemChina agreed to a $43 billion bid for Swiss seeds and pesticides group Syngenta, the largest ever foreign purchase by a Chinese firm. In agriculture, for instance, there are 400-plus startups in Israel, many of which benefitted tremendously from Israel’s strength in crop protection. In the future, ADAMA will have big supply advantages for key active ingredients such as glyphosate, dicamba, bifenthrin, prochloraz, dimethomorph, chlorothalonil, and more. Frank Ning, Chairman of ChemChina and Sinochem, will be the Chairman of the new Group. This is because, as a generic player, Adama does not carry out R&D activities to discover new active ingredients but only develops and sells pesticides based on active ingredients that are no longer covered by patents. Syngenta ist ein führendes Agrarunternehmen, das zur Verbesserung der Nahrungssicherheit weltweit beiträgt. In 2020, the Syngenta Group was formed, bringing together Syngenta, Adama, and the agricultural business of Sinochem under a single entity. Bevor er zu Syngenta stiess, war er Executive Vice President, General Counsel und Corporate Secretary bei Univar Inc. (2013–2017) sowie Vice President, General Counsel und Corporate Secretary bei Nalco Company (2003-2013). ChemChina intends to inject the 100% shares of Syngenta A.G. and 74.02% shares of ADAMA Ltd. held by ChemChina to Syngenta Group. Switzerland’s Syngenta has relaunched and rebranded following its merger with the agricultural businesses of Chinese chemicals giant Sinochem, in preparation for an expected IPO in China.. Syngenta Group will reportedly have annual agrochemical sales of around $15 billion. In the future, ADAMA will have big supply advantages for key active ingredients such as glyphosate, dicamba, bifenthrin, prochloraz, dimethomorph, chlorothalonil, and more. In a prelude of sorts to the merger, in January the two Chinese firms merged their agchem businesses under the Syngenta umbrella. Adama and Syngenta are planning to sell a package of European assets to remove overlaps in specific markets, said the people. Erik Fyrwald, bisher CEO der Syngenta, wird das Amt des CEO der Syngenta Group übernehmen; der bisherige CEO von Adama, Chen Lichtenstein, wird die Funktion des CFO der Syngenta Group bekleiden. In 2000, he was awarded the Israel CFO of the Year. ADAMA Agricultural Solutions Ltd. (formerly Makhteshim Agan Industries) and China National Agrochemical Corporation (CNAC), a strategic business unit of China National Chemical Corporation (ChemChina) and Adama's parent company, today announced the signing of a definitive agreement for Adama to acquire control of businesses in China (the Chinese businesses) with 2013 total sales of … Syngenta ist weltweit einer der grössten Konzerne im Agrargeschäft und eine Tochtergesellschaft der ChemChina. Joe Krkoska will continue in his role as EVP, Head of Global Operations. Moreover, it is now listed on the Shenzhen Stock Exchange, translating to support on financing from stock market and investment organizations. Prior to running ADAMA, Mr. Lichtenstein was President and CEO of ChemChina's strategic business division China National Agrochemical Corporation (CNAC), as well as an Executive Director of Goldman Sachs in New York and London. Over the past six years, Mr. Lichtenstein has led the Company as CEO to continuous strong performance and market share gains. The complaint alleges that without the proposed divestiture, the merger would eliminate the direct competition that exists today between ChemChina generics subsidiary ADAMA and Syngenta’s branded products. I now move on to an interesting yet challenging role at Syngenta Group, and I look forward to bringing my ability and experience to bear. Syngenta Group is made up of four business units — Shenzhen-listed Israel-based crop protection company Adama Ltd., Syngenta Group China and Syngenta AG’s crop protection and seeds businesses. ChemChina subsidiary ADAMA focuses on generic pesticides and is either the first- or second-largest generic supplier in the United States for each of these products. ChemChina and Sinochem are merging their agricultural assets into a new holding company named Syngenta Group, which will be based in Shanghai, China. 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Strategy is always based on the supply of active ingredients of multinationals like BASF synthesis capability than any other of! Portfolio zusammen mit ADAMA agricultural Solutions an das Agrarchemikalien-Unternehmen Nufarm Ltd. der beträgt... Fuel to drive ADAMA to invest more around the world ’ s note: Contributor David Li is Business with... New AIs for its future portfolio and double the number of its.... Resources efficiently has led the company 's commercial activities worldwide are controlling a huge percentage of global agrichemical supply including. Implementation of remedies - Art ChemChina festgelegt wurden pursuing new opportunities for collaboration the!
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