User:Викидим/Syngenta Group

The Syngenta Group Co Ltd is a Chinese state-owned agricultural technology company. Founded in 2020, it operates as a holding for four main businesses: Syngenta Plant Protection/Syngenta Seeds (collectively known as Syngenta), Syngenta Group China (originally the agricultural business of Sinochem), and Adama Agricultural Solutions. With revenues of 28 billion dollars (2021), the group held a 24% market share in the worldwide crop protection market, ahead of its main competitors Bayer (at 20%), BASF (12%), and Corteva (11%). Its market share in seeds was 7%.

As of 2022, the group was owned by the Agrochemical Company (99%) and McDonnell Agrochemical, both are owned by ChemChina, in turn owned by Sinochem, with the ultimate owner being the state of China. The bulk of the revenues (66%) in 2020 was in plant protection, including chemical herbicides, fungicides, insecticides, and other pesticides. Seeds provided 15% of the revenue and fertilizers another 14%. Geographically, revenues were spread among Latin America (24%), North America (19%), China (20%), the rest of Asia Pacific (12%).

IPO
Since 2021, there have been reports about an IPO of the company. In 2023, Syngenta Group has filed an application for a proposed initial public offering on the Shanghai Stock Exchange’s main board. Due to Syngenta's parent company, ChemChina, being under US sanctions, US banks might not be able to participate in this IPO.