Tuesday, July 6, 2010

Dow Chemical (NYSE:DOW), Syngenta (NYSE:SYT) in Distribution Agreement

Dow Chemical (NYSE:DOW) announced they've entered into an exclusive supply and distribution agreement with Syngenta AG (NYSE:SYT), which will go into effect on September 1.

The agreement with Syngenta is via Dow's wholly owned subsidiary Dow AgroSciences.

Syngenta will supply and distribute crop protection products from Dow AgroSciences to the Commonwealth of Independent States (CIS) markets.

Countries included in that region are Kyrgyzstan, Armenia, Azerbaijan, Belarus, Uzbekistan, Kazakhstan, Moldova, Russia, Tajikistan, Georgia, Turkmenistan and Ukraine.

The Seeds, Traits, & Oils of Dow AgroSciences won't be affected by the deal, and will continued to be operated under the Dow roof.

Terms of the deal weren't disclosed.

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