Huge investment A series of technological solutions that converged from seeds to healthy foods on the table came from Syngenta’s large R&D team and 25% of the total number of employees. Last year, Syngenta spent more than 10% of its annual sales on research and development. Such a large amount of investment is rare in the same companies in the world. In 2004, in Syngenta's $809 million R&D expenditure, the input for plant protection such as pesticides was US$499 million, seed R&D was US$186 million, and US$124 million was spent on plant science and technology. This means that Syngenta spends more than $2 million a day on R&D.
Syngenta has invested such huge amounts of money in research and development with its own strategic considerations. The person in charge of the company pointed out that "R & D is a key investment for any company, because innovative products will bring new markets and profits, especially for high-tech companies, the new product is the key engine for business growth. â€
At present, Syngenta offers a full range of crop protection programs including herbicides, insecticides, and fungicides, which not only help farmers increase their yields but also ensure crop and environmental safety. It also uses biotechnology to produce higher yields and adapt Stronger and more resistant to insect pest products. In addition, the world’s first officially announced rice gene map was also from Syngenta. These new products and new technologies have brought new markets and high profits to the world.
Can withstand "lonely"
The creation of pesticides is a process of high investment and long cycle. How to obtain the maximum benefit from investment is a challenge to decision makers. According to Syngenta's experience, a new chemical from the laboratory for the first synthesis to market sales generally takes at least 10 years, and the entire development process is a huge investment.
Syngenta often develops a new chemical active ingredient that costs more than US$100 million to develop a new formulation for a registered chemical active ingredient, which generally takes four years from conception to marketing.
Knowing that in order to allow new pesticide products to be accepted by the market and consumers, Syngenta needs to have a lot of market information before identifying R&D targets. In addition to knowing the conditions of plant diseases, insect pests and weeds, we must also understand the situation of competitors. .
Farmers are Syngenta’s traditional customers and major customers. Therefore, when formulating R&D strategies, the company first considered what they needed, how to help them increase the added value of agricultural products, and provide more safe and healthy food with the least land. In addition, Syngenta’s business has expanded into professional product areas such as lawn and gardens, material protection, animal feed, and biofuels.
The information gathered by the global R&D center, customers all over the world and employees in the front line of the market brings hundreds of R & D projects to Syngenta, as well as more R & D ideas and inspiration. Syngenta's selection of R&D projects is based on the market performance that the products will bring and the global market team will evaluate them. As a market leader, its excellent marketing team is well aware of market information and countries' investment in controlling pests and weeds. After researching and analyzing a large amount of information, the R&D department decided to develop new products that are suitable for market demand. The final completion of such a large and complex project is inseparable from the cooperation of the scientific research, production and business departments.
Grasping Opportunities According to the predictions of the United Nations and the World Bank, the world population will reach more than 8 billion in the next 25 years, and 90% of the required food growth will depend on existing land to increase production. Syngenta said that how to use new efficient and environmentally friendly pesticides to control pests and weeds, optimize crop varieties to increase yields, and increase the nutritional content of plants is the biggest challenge it currently faces because of the need to develop a new plant protection product and crop variety. Years of time. In fact, in addition to the challenges, there are more market opportunities waiting for Syngenta.
“Inspire the potential of plants and rejuvenate life.†This is an innovative philosophy of the agricultural technology company Syngenta.
Syngenta: First-class technology rooted in modern agriculture has formed a unique leading edge
“Cultivating at the source of the food chain, providing safe, efficient, and environmentally friendly agricultural innovation solutions†is the commitment of the leading agricultural technology company, Syngenta. From the use of world-class technology to produce the best-selling global herbicide "graceless", leading insecticide "Kung Fu", to provide excellent quality fruits and vegetables seeds, this Swiss company is rich in plant protection, seeds and professional products The agricultural science and technology solutions have been rooted in all parts of the world, and the perfect combination of technology and products has formed a unique leading edge.