BASF announces investments and new products for North American agriculture
BASF announced new investments and solutions that will help growers and partners in North America drive yields and efficiency. BASF will invest more than €200 million ($270 million) to expand production capacity for key herbicides dicamba and DMTA at the Beaumont, Texas site as well as upgrade production at the Hannibal, Missouri site. With capacities expected to be on line in 2016/17, the expansions will serve to meet the growing demand for BASF’s diverse herbicide portfolio, which features nine different modes of action and multi-year rotational plans in order to ensure effective, flexible and durable weed control. BASF is evaluating additional investments as part of its plan to spend approximately €1.8 billion between 2014 and 2018 to increase production of its crop protection products worldwide.
The investments coincide with the planned launch of more than 20 different innovations for the agricultural industry from BASF’s R&D pipeline in North America, highlighted by an advanced dicamba formulation, EngeniaTM herbicide. Starting in 2015, Engenia will help growers to control resistant weeds in key row crops and also serve as a key component of dicamba/glyphosate tolerant cropping systems.
“The North American market has seen many challenges along with great opportunities in the past few years,” said Markus Heldt, President of BASF’s Crop Protection division. “We are committed to investing in R&D, production and personnel in North America, so that we can deliver effective and efficient solutions for growers and our retailer customers.”
Other news from the department business & finance
