Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Monsanto    MON

Mes dernières consult.
Most popular
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
06/16/2012 | 12:01am CET

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
Latest news on MONSANTO
09:51p MONSANTO : Patent Issued for Soybean Variety 01051604 (USPTO 9832965)
09:41p MONSANTO : Patent Issued for Soybean Variety 01057348 (USPTO 9832953)
09:07p MONSANTO : Patent Issued for Plants and Seeds of Hybrid Corn Variety CH784796 (U..
08:19p MONSANTO : Patent Issued for Soybean Variety 01064172 (USPTO 9832962)
06:27p MONSANTO : Patent Issued for Soybean Variety 01058711 (USPTO 9832954)
05:58p MONSANTO : Patent Issued for Plants and Seeds of Hybrid Corn Variety CH842997 (U..
12/13 MONSANTO : Startup Innovation is Moving AgTech Forward
12/13 ASCENDIS PHARMA A/S : Greenlight Capital Cut By $2.96 Million Its Monsanto Co Ne..
12/12 Monsanto offers cash to U.S. farmers who use controversial chemical
12/11 YIELD10 BIOSCIENCE : Strikes Deal with Monsanto, Shares Spike 200%
More news
News from SeekingAlpha
12/12 Minnesota puts restrctions on dicamba herbicide
12/12 Round Up On Monsanto For 2018 - $14 Billion Is Not Chump Change, But It Is A ..
12/11 REUTERS : Monsanto to offer cash to U.S. farmers who use dicamba weedkiller
12/08 BLOOMBERG : Bayer to face EU objections to Monsanto deal in coming days
12/06 Monsanto will win in Brazil patent dispute, South American chief says
Financials ($)
Sales 2018 15 198 M
EBIT 2018 3 793 M
Net income 2018 2 538 M
Debt 2018 5 647 M
Yield 2018 1,89%
P/E ratio 2018 20,88
P/E ratio 2019 19,16
EV / Sales 2018 3,79x
EV / Sales 2019 3,55x
Capitalization 51 983 M
Duration : Period :
Monsanto Technical Analysis Chart | MON | US61166W1018 | 4-Traders
Technical analysis trends MONSANTO
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 125 $
Spread / Average Target 6,0%
EPS Revisions
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$)
MONSANTO11.49%51 983
SYNGENTA14.22%43 099
AGRIUM INC.6.33%15 479