Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Monsanto    MON

MONSANTO (MON)
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Monsanto Company : Monsanto to Invest $355 Million in Argentina Corn-Seed Plant

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/16/2012 | 12:01am CEST

BUENOS AIRES--Agricultural-biotech-company Monsanto Co. (MON) plans to invest 1.6 billion pesos ($355 million) to build a new corn-seed-production plant in Argentina, the company said in a press release Friday.

The plant will be in the heart of the country's corn belt in Cordoba province, with construction expected to be wrapped up in December 2013, the company said.

Monsanto already has a massive facility for producing corn seed in Buenos Aires province. That plant and the new Cordoba facility will be the largest of their kind in the world, Monsanto said.

Monsanto is banking on higher sales in Argentina, Brazil and Central and Eastern Europe driving growth over the next several years, the company said in May.

In addition to new corn products, in 2014, the company is planning on introducing a second generation of transgenic-soybean seeds in Argentina despite struggling for years to collect royalties on the seeds.

The patent for those first-generation soybean seeds, which are genetically modified to resist the herbicide glyphosate, runs out in 2014. The new seeds, will add insect resistance as well.

Monsanto failed to obtain a local patent for the genetically modified soybean seeds it introduced in Argentina 15 years ago and its efforts to collect royalties have been foiled by local regulations.

However, Monsanto says it is making progress in reaching an agreement with growers to pay royalties before introducing the new, improved strain of soybean seeds.

Monsanto has a patent for the new seeds in Argentina, but under local law, farmers aren't required to pay royalties on the seeds they hold back for the next planting season.

The company doesn't face the same problem with corn seeds, however, as the pollination process dilutes the transgenic traits quickly and farmers need to buy them directly from the company each year to enjoy the yield-enhancing benefits.

Write to Shane Romig at shane.romig@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MONSANTO
08/16 Seven charged in U.S. insider trading ring
08/16 MONSANTO : Pre-Market Technical Pulse on Agricultural Chemicals Stocks -- CF Ind..
08/10 MONSANTO : Board Approves Dividend of 54 Cents Per Share
08/10 MONSANTO : New Findings on Oxidoreductases from Monsanto Summarized (Expression ..
08/10 MONSANTO : and Valent U.S.A. LLC announce expanded partnership in Roundup Ready ..
08/07 MONSANTO : and Valent U.S.A. LLC Announce Expanded Partnership in Roundup Ready ..
08/04DJMONSANTO : Marshals Scientists in Herbicide Suit -- WSJ
08/04 MONSANTO : Judicial Panel on Multidistrict Litigation Issues Order on Roundup Pr..
08/03DJMONSANTO : Employee Emails Show Efforts to Marshal Scientists
08/03 MONSANTO : Striking down nematodes with new seed treatment
More news
News from SeekingAlpha
08/16 Tracking David Einhorn's Portfolio - Q2 2017 Update
08/15 Global Oligopolies - Investing In Concentrated Businesses
08/15 Top Merger Stocks Held By Fund Managers (Mid Q3-2017)
08/15 Tracking Warren Buffett's Berkshire Hathaway Portfolio - Q2 2017 Update
08/12 Tracking Prem Watsa's Fairfax Financial Holdings Portfolio - Q2 2017 Update
Financials ($)
Sales 2017 14 433 M
EBIT 2017 3 259 M
Net income 2017 2 008 M
Debt 2017 6 949 M
Yield 2017 1,82%
P/E ratio 2017 26,30
P/E ratio 2018 21,68
EV / Sales 2017 4,06x
EV / Sales 2018 3,89x
Capitalization 51 708 M
Chart MONSANTO
Duration : Period :
Monsanto Technical Analysis Chart | MON | US61166W1018 | 4-Traders
Technical analysis trends MONSANTO
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 124 $
Spread / Average Target 5,4%
EPS Revisions
Managers
NameTitle
Hugh M. Grant Chairman & Chief Executive Officer
Brett D. Begemann President & Chief Operating Officer
Pierre C. Courduroux Chief Financial Officer & Senior Vice President
Robert T. Fraley Chief Technology Officer & Executive VP
Robert J. Stevens Lead Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
MONSANTO11.23%51 708
SYNGENTA11.12%42 948
POTASH CORPORATION OF SASKATCHEWAN INC-9.01%14 865
AGRIUM INC.-7.17%13 729
YARA INTERNATIONAL-6.26%11 219
UPL LTD32.85%6 753