Syngenta AG Overview
Company Headquarters: Basel, Switzerland
Founded: 2000
Workforce: ~30,000
Company Working: Syngenta AG is an agribusiness company involved in the manufacturing and marketing of agrochemical products. The company operates in the crop protection, seeds, and professional solutions market. It is one of the leading companies in crop protection products (herbicides, fungicides, nematicides, and seed treatments) that help farmers maximize harvests. It also supplies high-yield GMO seeds for field crops, vegetables, and flowers. A smaller part of the business comprises lawn, turf, landscaping, and professional pest management products.
Syngenta's largest market in Latin America, but its major brands—including Agrisure, NK oilseeds, and Golden Harvest—are sold around the world. In addition, Syngenta is organized on a worldwide basis into five operating segments, which have been aggregated into the global crop protection segment, including Professional Solutions (previously known as Controls) and the global seeds segment, which covers field crops, vegetables, and flowers. The crop protection segment develops and produces herbicides, insecticides, fungicides, seed treatments, and biocontrols that promote strong and healthy plant growth. The seeds segment offers a broad portfolio of crops with particular strengths in corn, soybean, sunflower, cereals, and vegetables. Moreover, the company has acquired the ADAMA agric company which deals in nematicide crop protection products.
Strategy
Syngenta prioritizes research and development to improve product development. It also focuses on mergers and acquisitions globally. The corporate strategy of Syngenta rests on its AQL Restructure Program. The program is aimed at achieving improvement in profitability as a percentage of sales over the period. It constantly focuses on marketing and distribution, research & development as a part of the development business strategy. The program included plans to further improve efficiency in customer-facing operations, research & development, and production and improve the ratio of trade working capital to sales. For instance, in 2019 particular projects launched under the AOL restructuring program were finished, and restructuring activities focused on ongoing attempts to streamline the management structures and other new productivity initiatives to improve information systems and create operating savings.
