Swiss company Syngenta, a producer of seeds and fertilizers, is gearing up its expansion plans in Mexico. Their objective is to enter into the agriculture schemes in the central and southern areas of the country, focusing on small farmers. The investment that the company will carry out is focused mainly on the development of products, such as corn, beans, and wheat.
The company invests in research and development around 10 percent of the nearly 1.3 billion dollars in profits that its sales in Mexico yield.
"One of the objectives of having new developments in the agricultural southeast is achieving food self-sufficiency in the region, and corn is a key element," said the director of Syngenta's Mexican division.
He also said that the company was present in 90 countries and that Mexico was among the 15 largest markets, so the bet will be to increase its growth.
Syngenta's presence and its meddling in the Mexican countryside is not well seen by all. The agrochemical industry has raised concerns about the numerous registered cases of diseases caused by contact with products produced by that sector. Recently a California jury has forced Byern AG to pay more than 2 billion dollars to a couple who got cancer because of the glyphosate herbicide Roundup. This is the third adverse judicial verdict against the company because of this chemical.