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 Company    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 shane.romig@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MONSANTO COMPANY
03/24 MONSANTO : Farm Bureau Recognizes Monsanto for Wildfire Relief Donations
03/24 MONSANTO : weed killer caused cancer, Californians allege in new lawsuit
03/23 MONSANTO : Gives $200,000 to Assist Farmers Impacted by Wildfires
03/22DJAkzo Nobel Rebuffs Raised $24 Billion PPG Takeover Approach -- 2nd Update
03/16DJMONSANTO : Questions Dog Monsanto Product -- WSJ
03/15DJMONSANTO : Regulation of Monsanto's 'Roundup' Called Into Question by Emails
03/15 MONSANTO : Colluded to 'Ghost-Write' Studies on the Pesticide Roundup
03/09 MONSANTO : Details Findings in Agriculture and Food Chemistry (Assessment of Nat..
03/09 MONSANTO : Study Results from Monsanto Provide New Insights into Peptides and Pr..
03/09 MONSANTO : Fund Presents Grant to Operation Food Search
More news
Sector news : Fishing & Farming - NEC
02/14DJKUALA LUMPUR KEPONG BERHAD : Malaysia's Kuala Lumpur Kepong 1st-Quarter Net Prof..
02/14DJKUALA LUMPUR KEPONG BERHAD : Malaysia's Kuala Lumpur Kepong 1st-Quarter Net Prof..
2016DJM P EVANS : Shareholders with 12.9% Interest Accept Kuala Lumpur Kepong's Offer
2016DJGAP : Business Watch -- WSJ
2016DJThai Food Tycoon Buying U.S.'s Bellisio Parent
More sector news : Fishing & Farming - NEC
News from SeekingAlpha
03/25 Will The Dow/DuPont Merger Close In Q2?
03/19 MONSANTO : Important To National Security? (Lawmakers Against Acquisition Say Ye..
03/17 BLOOMBERG : Bayer set to sell seed assets to satisfy Monsanto combo concerns
03/16 EBay Bids
03/15 EU agency says weed killer used in Monsanto's Roundup not carcinogenic
Advertisement
Financials ($)
Sales 2017 14 109 M
EBIT 2017 3 228 M
Net income 2017 1 921 M
Debt 2017 6 652 M
Yield 2017 1,91%
P/E ratio 2017 26,37
P/E ratio 2018 21,19
EV / Sales 2017 4,00x
EV / Sales 2018 3,82x
Capitalization 49 851 M
More Financials
Chart MONSANTO COMPANY
Duration : Period :
Monsanto Company Technical Analysis Chart | MON | US61166W1018 | 4-Traders
Full-screen chart
Technical analysis trends MONSANTO COMPANY
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 123 $
Spread / Average Target 7,9%
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$)
MONSANTO COMPANY8.04%49 851
HEILONGJIANG AGRICULTU..-3.52%3 041
CHINA AGRI-INDUSTRIES ..27.81%2 610
GENTING PLANTATIONS BE..--.--%2 101
FELDA GLOBAL VENTURES ..--.--%1 683
CHINA MODERN DAIRY HOL..-1.58%1 477
More Results