Syngenta invests $77M to expand corn production capacity in Formosa, Brazil Syngenta announced plans to invest $77M in the expansion of its corn seed production facility in Formosa, Brazil. Annual capacity will be quadrupled to 1.6M bags by 2015. Corn production in Brazil is expected to almost double by 2020, spurred by growth in the pork and poultry sectors. Over the same period, the value of Brazil's corn seed market is expected to reach $2.7B with increased second season production and greater technology adoption.
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