-
Building on success with hybrid barley, Syngenta plans to commercialize hybrid wheat by end of decade
-
Increasing investment, resources to develop hybrid wheat for major market segments in North America
-
Northern Seed, LLC has acquired Syngenta Triticale program
WASHINGTON, D.C., USA –
Syngenta announced today additional actions in North America to transition its wheat breeding to the development of hybrid varieties. The next step is that
Northern Seed, LLC will acquire Syngenta’s triticale program including the Vernon, Texas, site. Triticale is a grain produced by cross-breeding wheat and rye, and is grown primarily as animal feed.
“This transaction will concentrate resources on our work to commercialize hybrid wheat,” said Darcy Pawlik, cereal product lead for Syngenta in North America, “We are focusing our efforts in the primary wheat growing areas in North America, which will lead to enabling further expansion.
“Syngenta has built a leadership position in North America wheat seeds as part of a strategy to maximize grower return. Now, the company will continue focused variety development with an orderly transition into hybrids. Building on the success of Hyvido™ barley in Europe, Syngenta recently achieved technical proof of concept in hybrid wheat and expects to commercialize by the end of the decade, with peak sales potential of more than $3 billion.”
Syngenta will increase its investment and resources to develop hybrid wheat for major wheat market segments in North America. This will ensure transformational yield benefits to growers under the
AgriPro® cereals seed brand, the North American leader in branded wheat.
“So far, our investments have enabled us to surpass a targeted 10-percent yield increase for our first generation of hybrid wheat lines,” said Pawlik, “Although we still have a great deal to learn about how to optimize growth, agronomic characteristics, and grain yield, we are confident hybrid wheat will provide a new level of yield potential and profitability for growers and our channel.”
Syngenta’s pipeline goals were discussed at the recent Syngenta R&D Day. Read more
here.
About Syngenta
Syngenta is a leading agriculture company helping to improve global food security by enabling millions of farmers to make better use of available resources. Through world class science and innovative crop solutions, our 28,000 people in over 90 countries are working to transform how crops are grown. We are committed to rescuing land from degradation, enhancing biodiversity and revitalizing rural communities. To learn more visit
www.syngenta.com and
www.goodgrowthplan.com. Follow us on Twitter® at
www.twitter.com/Syngenta and
www.twitter.com/SyngentaUS.
Cautionary Statement Regarding Forward-Looking Statements
This document contains forward-looking statements, which can be identified by terminology such as ‘expect’, ‘would’, ‘will’, ‘potential’, ‘plans’, ‘prospects’, ‘estimated’, ‘aiming’, ‘on track’ and similar expressions. Such statements may be subject to risks and uncertainties that could cause the actual results to differ materially from these statements. We refer you to Syngenta's publicly available filings with the U.S. Securities and Exchange Commission for information about these and other risks and uncertainties including the “Risk Factors” in our Annual Report on Form 20-F. Syngenta assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors. This document does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer, to purchase or subscribe for any ordinary shares in Syngenta AG, or Syngenta ADSs, nor shall it form the basis of, or be relied on in connection with, any contract thereof.
©2015 Syngenta. AgriPro®, Hyvido™ and the Syngenta logo registered trademarks of a Syngenta Group Company.