Based on China’s 13th Five-Year Plan, optimizing the structure of mergers and acquisitions was the key goal to aggregate industry resources into the top manufacturers, so that the number of manufacturers would be reduced 20% before 2021. In the 14th Five-Year Plan, M&A will contribute to developing an efficient process for the top manufacturers with the lowest waste output. It will also support China’s clear goal to achieve carbon neutrality by 2060.
 
Syngenta and Adama, On June 18, 2020, Syngenta Group Co. Ltd. announced the official launch of Syngenta Group, a new global leader in agricultural science and innovation. It unites the strengths of Syngenta AG, ADAMA, and the agricultural businesses of Sinochem. The new entity, headquartered in Switzerland, has 48,000 employees in more than 100 countries, and had sales of $23 billion in 2019, according to Syngenta Group.
 
The new Syngenta Group was the horn of consolidations in the crop protection industry. ChemChina injected agri-input assets, 100% Syngenta AG, and 74.02% ADAMA equity into the Syngenta Group. Sinochem injected 52.65% Sinofert equity, 39.88% Yangnong equity, and 100% Sinoseed equity into Syngenta Group. The new Syngenta Group emphasized China’s agriculture market growth by establishing the Syngenta Group China, which mainly consolidates the agri-input assets of ChemChina and Sinochem in the Chinese market.
 
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