Corteva becomes reality on June 3

When the New York Stock Exchange opens on Monday, June 3, a new agricultural company will be on the listing:  Corteva Agriscience under the ticker symbol CTVA.

 

Corteva – pronounced with a soft ‘e’ – is the spinoff of parent company DowDuPont. Jim Collins, CEO, shared some of the statistics at an investors’ day earlier this spring. 

 

Product portfolio:  Seeds – 56%; Crop protection – 44% 

 

Pro forma net sales:  2019 estimate is $14.3 billion

 

Changes since merger:  2017 headcount was 25,000; 2019 headcount is 21,000 

 

Changes in R & D sites: 233 in 2017; 163 in 2019 

 

Canadian headquarters are in Calgary, Alberta. The most commonly recognized brands are insecticides Closer and Delegate and fungicides, Curzate, Fontelis and Quintec. For the entire product portfolio, go to: www.corteva.ca

 

Source: Agri-Marketing Magazine May 28, 2019

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Friday, May 31, 2019

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