Syngenta to Invest $71M in New U.S. Genetics Research Facility
Syngenta (NYSE: SYT) announced today that it plans to construct a new state-of-the-art biotechnology research facility adjacent to its existing research campus in Research Triangle Park, North Carolina. The $71 million investment, which is scheduled to begin in June 2011, will focus on discovering and developing new agronomic traits to bring innovative solutions to growers across the world.
"This investment demonstrates our commitment to R&D and to remain at the forefront of plant genetics research," said Sandro Aruffo, Syngenta Head of Research and Development. "The advanced technologies that will be implemented at this new site will accelerate our R&D efforts to develop agronomic traits that will enable crops to better withstand complex environmental challenges."
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.