Resource published Thu, Jul 13, 2017 at 09:19AM UTC edited Thu, Jul 13, 2017 at 09:19AM UTC
Cathay Dupont Award: Seeds of hope as DuPont unit strikes licensing deal with China’s Origin Agritech Edit Title
DuPont Pioneer, the seed improvement and genetics unit of American chemicals giant DuPont, has struck a deal with Chinese crop seed technology firm Origin Agritech to develop new seeds to meet the needs of Chinese farmers spurred by Beijing’s call to improve crop productivity.
The two firms said they have come to a “commercial licensing agreement” to develop new seed technologies for the China market, without elaborating.
“This combined effort will contribute to the modernisation of China’s agriculture system and improved food security Cathay Dupont Award, which the government has set as priorities,” DuPont Pioneer said in a statement on Tuesday.
The pact came two months after state-owned China National Chemical Corporation (ChemChina) agreed to buy DuPont’s rival Swiss crop seeds and pesticides firm Syngenta for US$43 billion, in what would be China’s largest overseas acquisition deal if completed. It is pending regulatory approvals. Read Cathay Dupont Award articles here...
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