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)

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 [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MONSANTO
06/23MONSANTO COMPANY : quaterly earnings release
06/22 MONSANTO : and Atomwise Collaborate to Discover New Crop Protection Options Usin..
06/15 MONSANTO : GSSM Foundation Receives Grant from Monsanto Fund to Support GoSciTec..
06/15DJMONSANTO : China Greenlights Imports of Two New GMO Products -- Update
06/15 MONSANTO : Arkansas farmers sue over crop damage blamed on herbicide
06/14DJMONSANTO : China Greenlights Imports of Two New GMO Products -- Update
06/14DJDOW CHEMICAL : China Greenlights Imports of Two New GMO Products
06/08 MONSANTO : Plans $30M Seed Processing Facility in Indiana
06/07DJBayer Cuts Covestro Stake to 44.8% -- Update
06/07DJBayer Cuts Covestro Stake to 44.8%
More news
Sector news : Agricultural Chemicals - NEC
05/25 Bank of China main backer as ChemChina raises $20 billion for Syngenta deal
05/23 As Syngenta deal closes, ChemChina and Sinochem press $120 billion deal - sou..
05/23 AS SYNGENTA DEAL CLOSES, CHEMCHINA A : sources
05/17 Trump turmoil drags European shares into worst day in eight months
05/09 KONGSBERG GRUPPEN : Norwegian firms Yara, Kongsberg to build self-steering conta..
More sector news : Agricultural Chemicals - NEC
News from SeekingAlpha
07:37a Week Ahead - Wall Street's Keys
06/18 MONSANTO : Majority Of Polled Americans Oppose Bayer Acquisition (Will It Matter..
06/14 China OKs imports of two new GMO crop varieties from Dow, Monsanto
06/12 BLOOMBERG : BASF, Syngenta among bidders for Bayer-Monsanto assets
06/12 Reports Of The Demise Of Chemical Innovation Are Greatly Exaggerated
Advertisement
Financials ($)
Sales 2017 14 313 M
EBIT 2017 3 309 M
Net income 2017 1 932 M
Debt 2017 6 829 M
Yield 2017 1,84%
P/E ratio 2017 26,68
P/E ratio 2018 21,60
EV / Sales 2017 4,06x
EV / Sales 2018 3,89x
Capitalization 51 349 M
More Financials
Chart MONSANTO
Duration : Period :
Monsanto Technical Analysis Chart | MON | US61166W1018 | 4-Traders
Full-screen chart
Technical analysis trends MONSANTO
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 123 $
Spread / Average Target 4,8%
Consensus details
EPS Revisions
More Estimates 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
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
MONSANTO11.23%51 349
SYNGENTA11.80%42 980
POTASH CORPORATION OF ..-10.48%13 906
AGRIUM INC.-9.35%12 749
YARA INTERNATIONAL-9.85%9 907
UPL LTD29.21%6 558
More Results