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Norway: Sygenta partnership to increase Agrinos revenues

Agrinos AS, the biological crop-additives company part-owned by Syngenta AG, said sales growth may accelerate next year and predicted revenue in 2012 will double to more than $60 million.

Chief Executive Officer Tom Einar Rysst-Jensen said revenue could be higher than 2012. he says the partnership with Syngenta should accelerate rapid growth.

Syngenta recently announced an investment of $10 million in the company, with involvement starting in the first quarter next year.

Agrinos’s bio-stimulants are made from naturally occurring amino acids and micronized chitin, a polymer extracted from leftover tropical shrimp heads. The two companies are in the second year of trialling the technology on potatoes.

Source: businessweek.com
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