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

Delayed Quote. Delayed  - 02/24 10:01:42 pm
112.96 USD   +0.56%
02/23DJBAYER : Financing Plan Will Raise Equity First Then Bonds -- WSJ
02/23DJBAYER : CEO Still Upbeat on Deal -- WSJ
02/22DJBAYER : Details Financing Plan for Monsanto Deal
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 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 shane.romig@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MONSANTO COMPANY
02/23DJBAYER : Financing Plan Will Raise Equity First Then Bonds -- WSJ
02/23DJBAYER : CEO Still Upbeat on Deal -- WSJ
02/22DJBAYER : Details Financing Plan for Monsanto Deal
02/22 MONSANTO : withdraws from property tax break
02/22 EU regulators set to clear Dow, DuPont deal - sources
02/22 Covestro parent Bayer non-committal on any sale to industry peer
02/22DJBAYER : CEO Confident Monsanto Purchase Will Be Approved by End of Year -- Updat..
02/22DJBAYER : Upbeat Bayer Posts Lower Profit With Monsanto in its Sights--Update
02/22 MONSANTO : Marks Substantial Progress against Sustainability Goals in 2016 Repor..
02/21 MONSANTO : 2016 Sustainability Report Marks Substantial Progress Against Goals
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
02/24 Tracking Larry Robbins' Glenview Capital Management Portfolio - Q4 2016 Updat..
02/23 Tracking Wallace Weitz's Weitz Investment Management Portfolio - Q4 2016 Upda..
02/23 WALL STREET BREAKFAST : Earnings Season Winds Down
02/23 Bayer outlines Monsanto deal financing
02/23 M&A Repositioning Agriculture For Long-Term Growth
Advertisement
Financials ($)
Sales 2017 14 112 M
EBIT 2017 3 211 M
Net income 2017 1 936 M
Debt 2017 6 698 M
Yield 2017 1,92%
P/E ratio 2017 26,59
P/E ratio 2018 21,12
EV / Sales 2017 3,98x
EV / Sales 2018 3,80x
Capitalization 49 539 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 20
Average target price 121 $
Spread / Average Target 7,0%
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 COMPANY6.77%49 539
HEILONGJIANG AGRICULTU..0.90%3 188
CHINA AGRI-INDUSTRIES ..29.14%2 639
GENTING PLANTATIONS BE..--.--%2 037
CHINA MODERN DAIRY HOL..0.53%1 509
JAPFA COMFEED INDONESI..--.--%1 502
More Results