Syngenta to step up agricultural sector investment

Syngenta, the largest European producer of seeds and crop protection products, plans to deploy more resources and collaboration in China's agricultural sector to diversify its product portfolio and offer customized solutions over the next five years, according to senior executives.

"We look forward to collaborating even more closely with scientific institutes in the country as a Chinese-owned company, after being acquired by the China National Chemical Corp, earlier this year," said Erik Fyrwald, the company's chief executive officer. "We will push forward the development of agricultural technologies to make a greater contribution to Chinese agriculture."

According to Fyrwald, the company spends $1.3 billion on research and development activities every year.