The world’s largest crop chemical producer, Chinese-owned Syngenta will become a resident of the special economic zone (SEZ) in Russia’s Lipetsk region, Agroinvestor reports.
The company, owned by Chinese state-run enterprise ChemChina, is based in Basel, Switzerland. It will build a factory producing plant protection agents by 2021, a spokesman with the Lipetsk region administration told Russian media. The investment is worth 1.6 billion rubles ($25 million), he added.
“The Lipetsk SEZ will get a new resident – the company Syngenta, implementing the project of building a plant for the production of plant protection agents in Russia. The production will be based on innovative research and development and new technologies. The new enterprise is to be launched in 2021. The company will invest 1.6 billion rubles in the project, 49 jobs will be created,” the official said.
Syngenta, a biotechnology company founded in 2000, by the merger of Novartis Agribusiness and Zeneca Agrochemicals, conducts genomic research. It has offices in 90 countries around the world.
The Lipetsk special economic zone with an area of about 2,300 hectares was established in the Lipetsk region in 2005. It has 64 resident companies from 16 countries. The enterprises of the SEZ produce medical and energy equipment, cars and automotive components.
The resident companies built 23 factories, investing about 63 billion rubles ($976 million), with a declared volume of investments of more than 197 billion rubles ($3.1 billion). Around 4,300 people work in the Lipetsk SEZ.
