Bayer CropScience announces supply agreement for Imidacloprid with Cheminova

21-Apr-2005

Bayer CropScience has agreed to supply Cheminova with its imidacloprid insecticide as part of a multi-year, non-exclusive supply contract for agricultural and non-agricultural applications (excluding Animal Health uses). The agreement has been signed as of April 18, 2005. The terms of the agreement are confidential. The active ingredient Imidacloprid was discovered by Bayer CropScience and is today one of the most successful in the world. Through the supply agreement, Bayer CropScience and Cheminova aim at further expanding the market for Imidacloprid-based applications by drawing on the strength of their respective distribution channels. Imidacloprid belongs to the chloronicotinyl class of substances and protects more than 140 crops against many sucking insects. Bayer CropScience will continue to actively market its Imidacloprid-based product line in more than 100 countries. Cheminova will develop and commercialize their own range of products based on Imidacloprid, beginning in some countries and markets in 2005. "The supply contract with Cheminova is another important step as part of our life cycle management strategy for Imidacloprid and we are pleased to have reached this agreement. Bayer CropScience is the only company able to draw on three chloronicotinyl compounds in its portfolio, and we plan to continue to strongly grow our business in this category. As the market and innovation leader in the insecticides segment, we have all intention to further expand our market position by launching new active ingredients and optimizing the commercial value of our existing portfolio", said Dr. Rüdiger Scheitza, Member of the Board of Bayer CropScience.

https://www.chemeurope.com/en/news/45351/bayer-cropscience-announces-supply-agreement-for-imidacloprid-with-cheminova.html