Chinese Company Acquires Syngenta In Push To Ensure Country’s Food Supply

After Monsanto failed to secure a purchase deal, ChemChina has made an offer to acquire Swiss crop protection company Syngenta at $465 a share. ChemChina’s main businesses include materials science, life science, high-end manufacturing and basic chemicals. Syngenta’s corporate vision jibes with China’s priority to ensure the food supply for its people. Syngenta enables farmers to make better use of available resources and “to transform how crops are grown.” Industry observers say only ten percent of China’s farmland is managed efficiently after years of intensive farming and overuse of chemicals. The land has been debased and the water supply poisoned. One of Syngenta’s major functions is to rescue land from degradation, enhance biodiversity and revitalize rural communities.