Leading fertilizer manufacturer firm Sumitomo Chemical Company has agreement with Australia based Nufarm a crop protection company to acquire its four South American subsidiaries in Brazil, Argentina, Chile and Colombia.
Details are provided below:
- Brazil has the worlds largest crop protection market.
- The crop protection market in South America currently accounts for approximately 25 percent of the world market.
- Nufarm Managing Director and CEO Greg Hunt said Our commercial relationship with Sumitomo provides access to an attractive portfolio of proprietary products and will continue to be an important contributor to our growth. Todays agreement extends the term of our existing relationship and provides new opportunities to build on our expanding product portfolio in Europe.