The western producer february 11, 2016

Page 1

THURSDAY, FEBRUARY 11, 2016

VOL. 94 | NO. 6 | $4.25

PASTA DURUM DUMPING? | TURKISH CONTENTIOUS ISSUE P6

SERVING WESTERN CANADIAN FARM FAMILIES SINCE 1923

A LOOK AT CHEMCHINA’S CHEMCHINA SNAPSHOT (before purchasing Syngenta): • Produces basic and specialty chemicals and chemical equipment, oil processing, tire and rubber products and agro chemicals

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WWW.PRODUCER.COM

TPP not a sure thing The deal is signed, but ratifications await | P. 15

• Has 140,000 employees in 150 countries • Posted $38.4 billion (US) in sales in 2014 • Recent acquisitions include Adisseo (2006), Adama (2011), Pirelli (2015) and Krauss Maffei (2016)

BILLION (US) BID FOR SYNGENTA: SYNGENTA SNAPSHOT • Produces herbicides, insecticides, fungicides, seed/ seed-care products, turf, garden and public health products

Syngenta ranked first in total market share of crop protection product with sales of

Bayer

18%

BASF

13%

Dow

$11.4 billion

10%

(US) in 2014:

• Has 28,000 employees in 90 countries

Syngenta

20%

Monsanto

• Posted $15.1 billion in sales in 2014

other

DuPont

Syngenta ranked third in total market share of seed with sales of

$3.2 billion (US) in 2014:

Bayer

3%

Dow

4%

Syngenta

8%

DuPont

20%

9%

23%

7%

other

39%

Monsanto

26%

Source: Syngenta, ChemChina | MICHELLE HOULDEN GRAPHIC

South to North The little known story of black settlers in Western Canada | P. 19

ACQUISITIONS

ChemChina buys Syngenta US$43 billion deal will preserve choice for its customers, says Syngenta chief operating officer SASKATOON NEWSROOM

Growers should be happy that ChemChina is acquiring Syngenta instead of Monsanto, says Syngenta’s chief operating officer. “What is particularly pleasing about this particular outcome from my point of view is that it helps to preserve choice for growers at a time when in our industry we’re seeing a lot of consolidation,” Davor Pisk told reporters during a conference call. Syngenta’s board of directors has unanimously approved ChemChina’s cash offer valued at more than US$43 billion to acquire 100 percent of Syngenta’s shares. The transaction requires approval by two-thirds of Syngenta’s shareholders. It also requires regulatory approval. Pisk expects the

deal to close before the end of 2016. ChemChina is the largest chemical corporation in China. The stateowned firm generated $45 billion of sales in 2015 and ranks 265th on the Fortune 500. Monsanto had been in discussions with Syngenta for a share and cash offer worth $47 billion. However, Pisk said its competitor did not table a formal offer. “With a merger between Monsanto and Syngenta we would have had one less player in an industry that is already now getting further concentrated following the Dow and DuPont announcement,” he said. Dow and DuPont announced in December they were merging to form DowDuPont with a combined value of $130 billion. SEE CHEMCHINA, PAGE 4

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Lead by Exempla See inside for details. Always read and follow label directions. Exempla™ and the Syngenta logo are trademarks of a Syngenta Group Company. © 2016 Syngenta.

The Western College of Veterinary Medicine hires a social worker. | P. 80

u|xhHEEJBy00001pzYv+:' FEBRUARY 11, 2016 Return undeliverable Canadian addresses to: Box 2500, Stn. Main, Saskatoon, SK. S7K 2C4

Syngenta chief operating officer Davor Pisk, left, sits with Ren Jianxin, chair of China National Chemical Corp., at a news conference at Syngenta’s headquarters in Basel, Switzerland, Feb. 3. The purchase marks a setback for U.S. firm Monsanto, which failed to buy Syngenta last year. | REUTERS/ARND WIEGMANN PHOTO

The Western Producer is published in Saskatoon by Western Producer Publications, which is owned by GVIC Communications Corp. Publisher: Shaun Jessome Publications Mail Agreement No. 40069240

BY SEAN PRATT

Helping the animal helpers


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