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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Synarbor | LSE:SYA | London | Ordinary Share | GB00B00LM737 | ORD 10P |
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0.00 | 0.00% | 5.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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RNS Number:9633Q Syngenta AG 16 October 2003 Media Release - Communique aux Medias - Medienmitteilung - Pressrelease Syngenta CEO Michael Pragnell emphasizes European leadership role in meeting global food and agriculture challenge Basel, Switzerland, October 16, 2003 At the first European Parliamentary Symposium on Agriculture held in Brussels today, World Food Day, Syngenta CEO and President of CropLife International, Michael Pragnell, underlined the pivotal role of European public and private bodies in the global challenge of food, agriculture and development. Syngenta's CEO affirmed Europe's responsibilities to the rest of the world in agriculture. These, he said, were never greater, in particular towards developing countries. Emphasizing that agriculture was key to international development, Mr. Pragnell noted that "There are many examples where the message 'get agriculture right first' has paid dividends to development." The global challenge of population growth and food security, water scarcity and climate change, and poverty and rural development had to be addressed by sustainable increases in agricultural production. Sustainability, Mr. Pragnell stressed, was the key test. Syngenta was an active participant in international efforts toward sustainable agriculture, joining in the World Bank's ongoing assessment of agricultural science and technology and promoting public/private partnerships. The three pillars of sustainability - social, environmental and economic - had to be integrated "in reconciling consumer and societal demands, which are themselves frequently in conflict". Both public and private sectors had a major contribution to make towards sustainable agriculture, Mr. Pragnell asserted. In the key area of research and development, the R&D intensity of agribusiness, averaging over 10% of sales, was surpassed only by pharmaceuticals amongst major industrial sectors. This rate of investment could only be sustained within a stable regulatory environment, independent of the executive of the day and empowered to act in consumers' interest to build public confidence in science and agricultural production. Addressing trade issues, Michael Pragnell regretted the latest round of talks in Cancun had not succeeded in advancing increased global trade and market access. He reaffirmed that the industry was strongly supportive of progress in tariff reductions; he emphasized that "the advantages of modern agriculture should be enjoyed in both the developed and the developing world." The Symposium was convened by the President of the European Parliament Committee for Agriculture and Rural Development, Mr. Joseph Daul, MEP. Speakers and participants included Franz Fischler, European Commissioner for Agriculture, Rural Development and Fisheries, Wojciech Olejnicsak, Polish Minister for Agriculture, and other leading representatives from European and US authorities, producers, farmers, and consumer organizations relating to agriculture. Syngenta is a world-leading agribusiness committed to sustainable agriculture through innovative research and technology. The company is a leader in crop protection and ranks third in the high-value commercial seeds market. Sales in 2002 were approximately US $6.2 billion. Syngenta employs some 20,000 people in over 90 countries. Syngenta is listed on the Swiss stock exchange (SYNN) and in London (SYA), New York (SYT) and Stockholm (SYN). Further information is available at www.syngenta.com. For further information please contact: Michael Stopford, Basel, Switzerland +41 61 323 68 19 This information is provided by RNS The company news service from the London Stock Exchange END MSCVQLBFXBBZFBE
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