Syngenta upgrades 2020 sales target
Syngenta has upgraded the agrochemical and seed sales target for its eight key strategic crops by $3,000 million to $25,000 million by 2020. The increased target is being driven by the accelerating rate of innovation and strategy delivery across the company, it says. The company’s eight key crops are: maize, small-grain cereals, rice, soybeans, sugar cane, vegetables, other field crops and specialty crops. Its combined outlook for rice and vegetables is $5,000 million. Last year, Syngenta proceeded on a strategy to fully integrate its crop protection and seed business by the end of 2012 ( Agrow No 610, p 2). It later identified the mid-term target of sales from key crops of some $12,000 million in 2015 ( Agrow No 619, p 2). “I am pleased to say that success in both these areas [integration of commercial teams and broad-based innovation] has enabled us to increase our expectations for future growth across our eight strategic crops,” says chief executive officer Mike Mack.