Corteva, Inc. (NYSE: CTVA) successfully completed the separation from DowDuPont. Corteva Agriscience begins its activities in the markets for plant protection products and seeds, offering farmers comprehensive solutions to maximize yield and profitability.
“Today, we are celebrating the launch of a new type of agricultural company that has a unique position to compete and win, providing the farmers with the comprehensive solutions they need for sustainable, long-term growth and increased profitability,” said Jim Collins, Corteva Agriscience Executive Director .
Presented in over 140 countries, Corteva Agriscience generated $ 2018 billion in net sales in 14. The company has more than 150 research facilities and more than 65 active substances in the portfolio. “As a new independent agricultural company, we are focused on rational investment in innovation to ensure a natural increase in income that will be above market and increase the return on invested capital,” said Greg Friedman, Executive Vice President and Chief Financial Officer of Corteva Agriscience. - We are acting in accordance with the schedule of compliance with our obligation to reach $ 2021 billion in cost synergies by 1,2, and we are confident in our plan to increase the margin. Equally important, we strive to return significant capital to shareholders through a combination of dividends and share buybacks. ”
The company's new name, Corteva Agriscience (kohr-'teh-vah), comes from a combination of words meaning "heart" and "nature." Symbols confirm the history of the company, and in the long term, its desire to increase the productivity of agricultural enterprises, as well as improve the health and well-being of the consumers for whom they work. The company is headquartered in Wilmington, Delaware (USA). Global Business Centers are located in Johnston, Iowa and Indianapolis, Indiana (USA); five regional offices are located in Calgary (Canada), Johannesburg (South Africa), Geneva (Switzerland), Singapore and Alphaville (Brazil).
According to the press service of Corteva Agriscience