Syngenta to supply Makhteshim Agan with azoxystrobin

Syngenta and Makhteshim Agan today announced a long term agreement under which Syngenta will supply Makhteshim Agan with its fungicide azoxystrobin. The agreement will offer growers a wider choice of solutions through the distribution channels of both companies.

Syngenta will continue to expand the sales of its azoxystrobin based fungicide solutions while Makhteshim Agan will develop and commercialize its own range of products based on azoxystrobin, mainly in mixtures with its existing fungicide portfolio.

"We are excited by this new addition of azoxystrobin, the world's best selling fungicide, to our product portfolio." said Avraham Bigger, Chairman and CEO.  "This important wide spectrum fungicide will augment our existing fungicides portfolio and we expect to launch various new mixture solutions for a wide variety of crops to our customers worldwide."

The active ingredient azoxystrobin, developed by Syngenta, is the world's best selling fungicide. Azoxystrobin, which belongs to the strobilurin chemical group, has a broad spectrum of fungicidal activity and is now registered for use on approximately 120 different crops in some 100 countries.

Financial terms of the agreement have not been disclosed.

Makhteshim-Agan is a world-leading manufacturer and distributor of branded off-patent crop protection products.  The Company is characterized by its know how, high-level technological-chemical abilities, expertise in product registration, observance of strict standards of environmental protection, stringent quality control and global marketing and distribution channels. For more information about Makhteshim Agan please visit www.ma-industries.com 

Ron Zakai, Investor Relations Manager
ron.zakai@ma-industries.com
+972.7.32321910