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Business was driven by stronger sales of crop protection and vegetable seeds, it said. The acquisition of Syngenta, China’s biggest foreign takeover to date, came as Beijing looks to new technology to boost farm productivity, as well as reduce the use of chemicals on heavily polluted soil. That has already driven strong demand for products such as seed treatments, which reduce the amount of pesticide needed on a plant later on. Syngenta has invested $2 million in expanding its seed care service in Beijing this year, said Guthrie.
There has also been a rise in demand for seeds with specific traits designed to withstand pests, drought or which suit mechanical harvesting, Syngenta is eyeing acquisitions in millennium falcon cufflinks all areas, “but primarily in corn and vegetable [seeds], where we see our two largest opportunities,” Guthrie said, The firm currently accounts for less than 1 percent of China’s seed sales, and its 49 percent-owned corn hybrids joint venture, Sanbei Seed, established in 2008, lags behind a DowDuPont venture with Shandong Denghai Seeds Co...
However, Guthrie said having ChemChina as a parent is helping to open doors in a crowded industry, which had as many as 4,600 seed companies at the end of 2015. Sanbei remains key to the firm’s growth strategy, he said, partly through new products, such as four new corn varieties in October, two of which are suited to combine harvesting. Syngenta’s local ownership will also give it an entry to genetically modified crops, once the market opens, with foreign companies not permitted to develop crops with GMO traits, even within a Chinese joint venture.
“This is an advantage for Syngenta, They can get into the GMO market through their parent,” said an executive at another major seed company, It has established a new venture with fast-growing Yuan Longping High-tech Agriculture Co, Ltd, backed by state-owned conglomerate CITIC, to develop and sell new varieties of corn, including with GMO traits, [nL3N1QT0A8] [nL3N1R21JW], Guthrie expects cultivation of GMO corn crops to win millennium falcon cufflinks the go-ahead early in the next decade, giving the company time to develop and test new products that it already deploys in other international markets..
Industry analysts say Syngenta will need to take a role in tackling some of the challenges besetting China’s corn sector, such as overcapacity and inventory overhang, if it hopes to take a leading position. Despite falling corn acreage, the market is still suffering from a huge inventory of seed, as well as approvals for hundreds of similar varieties, the widespread use of counterfeit seed and illegal planting of GMO crops. “One of the biggest problems is overcapacity, especially in corn,” said Sun Jingyan, an analyst at Rabobank.
(Reuters) - German utility E.ON (EONGn.DE) will announce about 500 job losses next week in its British business, the Times reported on Wednesday, as the energy giant tries to cut costs before the British millennium falcon cufflinks government imposes a price cap, The redundancies exclude frontline call center staff, the Times said citing sources, The company employs 9,400 people in the UK, bit.ly/2LiNtYZ, E.ON, which is one of Britain’s big six energy suppliers, did not immediately respond to a request for comment outside regular business hours..
The British government asked energy regulator Ofgem to put the price cap on to combat what it has called “rip off” energy prices. The Competition and Markets Authority found that utilities had overcharged some British households a total of 1.4 billion pounds ($1.84 billion) a year on average from 2012 to 2015, prompting the government to act. Ofgem is required to cap prices on Standard Variable Tariffs offered by the six dominant energy providers for households using gas and electricity which studies have shown were far higher than other tariffs on offer.
(Reuters) - AT&T Inc, the new owner of cable channels HBO and TNT, on Tuesday reported quarterly revenue that fell shy of Wall Street estimates but added more wireless subscribers than expected, Shares of the millennium falcon cufflinks Dallas-based company fell 1 percent in after-hours trading following the mixed results for the second quarter, which included about two weeks of results from Time Warner Inc, AT&T bought the entertainment conglomerate to attract consumers and advertisers to its mobile products and compete with internet firms like Netflix Inc, Facebook Inc and Alphabet Inc’s Google..
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