Dow to up agchem production in Brazil
Dow AgroSciences is to boost its agrochemical production capacity in Brazil. A project to raise capacity at one of the company’s Brazilian plants is in the final approval phase and would see $23 million of investment in 2009, national newspaper Valor Economico reports. The newspaper cites pesticide marketing director for Brazil Welles Pascoal. The company set a target in 2007 to reach divisional sales of $1,000 million and that would require more production capacity, he says. The target would include a move towards crop trait sales reaching half of the division’s revenues in the country. Agrochemicals accounted for around 75% of Dow’s sales in Brazil in 2008. Dow saw pesticide sales rise by almost a quarter last year in Brazil to $410 million (see this issue).