as it progresses towards becoming a standalone company
Nairobi, May 9, 2018. International chemical manufacturer Dow Chemical Company and DuPont who recently completed their merger transaction forming DowDuPont (NYSE: DWDP) have announced they are set to create three separate publicly traded companies in agriculture, materials science and specialty products sectors that will lead their respective industries through productive, science-based innovation to meet the needs of customers and help solve global challenges.
The agriculture division will be named Corteva Agriscience™ and is set to officially start operations within 18 months of the merger closing estimated to be in June 2019.
The fully independent business is set to ride on the combined strengths of DuPont and Dow AgroSciences and will championed enhanced capabilities in science and solutions that will benefit farmers and Corteva Agriscience™ now brings together DuPont Crop Protection, DuPont Pioneer, PANNAR and Dow AgroSciences to create a market shaping, standalone agriculture company with leading positions in seed technologies, crop protection and digital agriculture.
Corteva is derived from a combination of names which means heart and nature.
“This is the start of an exciting journey. Corteva Agriscience™ is bringing together three businesses with deep connections and dedication to generations of farmers.
Our new name acknowledges our history while looking forward to our commitment to enhancing farmer productivity as well as the health and well-being of the consumers they serve. With the most balanced portfolio of products in the industry, nearly a century of agronomic expertise and an unparalleled innovation engine, Corteva Agriscience™ will become a leading Agriculture company, focused on working together with the entire food system to produce a secure supply of healthy food,” said James C. Collins chief operating officer at the Agriculture Division of DowDuPont. The intended company will be headquartered in Wilmington, Delaware, with the Africa Middle East headquartered in South Africa.
In East Africa, the agriculture division of DowDuPont is headquartered in Nairobi, with a fully-fledged seed facility in Nairobi and a research arm in Eldoret.
The agriculture division has also been in numerous partnerships across various value chains in the region. It has been actively involved in the research work on Maize Lethal Necrotic Disease in collaboration with CIMMYT and Kenya Agriculture and Livestock Research Organization under USAID Kenya funded MLND research centre.
It has also played a part in maize production best management practices to increase productivity per hectare area, an initiative that has been managed by PANNAR SEED and DuPont Pioneer in association with One Acre Fund. To improve access to farm inputs among thousands of farmers in East Africa, it has set up distribution centres through AMPATH cooperative model, supported by PANNAR SEED while establishing demonstration plots for continued learning through the AMPATH project. County agriculture extension officers have also been trained on maize agronomy, pest and disease management.
The division also runs a maize breeding program along with other breeding programs in the region that combined, cover mid altitude through transitional and highland elevations for Eastern, Southern and Central Africa.
The research is focused on traits needed by farmers in the region.
“We will continue to invest in some of the most recognized and premium brands in agriculture: Pioneer®, Encirca®, the newly launched Brevant™ Seeds, our award-winning crop protection products while bringing new products to market through our solid pipeline of action chemistry and technologies,” said Collins