Company type | Public |
---|---|
ISIN | US22052L1044 |
Industry | Agricultural chemicals |
Predecessors | Dow AgroSciences Pioneer Hi-Bred International |
Founded | 2019 |
Headquarters | , U.S. [1] |
Key people | |
Revenue | US$17.226 billion (2023 [3] ) |
US$1.326 billion (2023 [3] ) | |
US$735 million (2023 [3] ) | |
Total assets | US$42.996 billion (2023 [4] ) |
Total equity | US$25.279 billion (2023 [5] ) |
Number of employees | approx. 22,500 (2023) |
Parent | DowDuPont |
Website | corteva |
Footnotes /references [6] |
Corteva, Inc. (also known as Corteva Agriscience) is a major American agricultural chemical and seed company that was the agricultural unit of DowDuPont prior to being spun off as an independent public company.
DowDuPont announced the Corteva name in February 2018, saying that it was "derived from a combination of words meaning 'heart' and 'nature.'" [7] Corteva became a public company on June 3, 2019, [8] when DowDuPont distributed Corteva shares to its shareholders.
The DowDuPont agricultural businesses that became Corteva had revenue of over $14 billion in 2017, [9] which would have placed the company in the Fortune 500 for that year. A major part of the company is Pioneer Hi-Bred International, which DuPont purchased in 1999. [10]
In February 2020, Corteva, then the largest US-based manufacturer of the pesticide chlorpyrifos, announced that it would cease chlorpyrifos production by the end of 2020. [11]
In August 2022, Bayer CropScience sued Corteva alleging that they breached contractual obligations related to the development and commercialization of E3 soybeans. Corteva filed a suit of their own hours later, alleging that Bayer infringed upon one of its patents on a gene used in Enlist Corn, which encodes a unique herbicide resistance enzyme and is part of their Enlist Weed Control System. [12]
Corteva worked with CHD Group, Sewa Bharti, Pradhan to support COVID-19 missions across India for farmers. [13]
In March 2019 Corteva was criticised by the Humane Society of the United States for testing a new fungicide on beagle dogs as such testing is required by regulatory authorities. [14] It has said the company will "proactively engage with government officials to minimize or cease animal studies, where possible, and once the industry receives confirmation that animal testing is no longer required, it will cease testing immediately and make every effort to re-home the animals" after it was reported that researchers intended to put the animals to death. [15] [16] [17]
In 2022, the Federal Trade Commission announced that it is initiating litigation against Corteva, challenging certain US-based discount programs extended to their respective customers. [18] [19] In January 2024, a federal judge ruled that both Syngenta and Corteva must face the FTC lawsuit. [20]
The Dow Chemical Company is an American multinational corporation headquartered in Midland, Michigan, United States. The company was among the three largest chemical producers in the world in 2021. It is the operating subsidiary of Dow Inc., a publicly traded holding company incorporated under Delaware law.
Chlorpyrifos (CPS), also known as chlorpyrifos ethyl, is an organophosphate pesticide that has been used on crops, animals, and buildings, and in other settings, to kill several pests, including insects and worms. It acts on the nervous systems of insects by inhibiting the acetylcholinesterase enzyme. Chlorpyrifos was patented in 1966 by Dow Chemical Company.
An agrochemical or agrichemical, a contraction of agricultural chemical, is a chemical product used in industrial agriculture. Agrichemical refers to biocides and synthetic fertilizers. It may also include hormones and other chemical growth agents.
Benomyl is a fungicide introduced in 1968 by DuPont. It is a systemic benzimidazole fungicide that is selectively toxic to microorganisms and invertebrates, but relatively nontoxic toward mammals.
Syngenta is a global agricultural technology company headquartered in Basel, Switzerland. It primarily covers crop protection and seeds for farmers. Syngenta is part of the Syngenta Group, entirely owned by Sinochem, a Chinese state-owned enterprise.
Pioneer Hi-Bred International, Inc. is a U.S.-based producer of seeds for agriculture. They are a major producer of genetically modified crops with insect and herbicide resistance.
Dow AgroSciences LLC was a wholly owned subsidiary of the Dow Chemical Company specializing in not only agricultural chemicals such as pesticides, but also seeds and biotechnology solutions. The company was based in Indianapolis, Indiana, in the United States. On 31 January 2006, Dow AgroSciences announced that it had received regulatory approval for the world's first plant-cell-produced vaccine against Newcastle disease virus from USDA Center for Veterinary Biologics. Dow AgroSciences operates brand names such as Sentricon, Vikane, Mycogen®, SmartStax®, Enlist™, Pfister Seed®, PhytoGen®, Prairie Brand Seed®, Alforex Seeds®, Profume, Dairyland Seed®, and Brodbeck Seed®.
1,3-Dichloropropene, sold under diverse trade names, is an organochlorine compound with the formula C3H4Cl2. It is a colorless liquid with a sweet smell. It is feebly soluble in water and evaporates easily. It is used mainly in farming as a pesticide, specifically as a preplant fumigant and nematicide. It is widely used in the US and other countries, but is banned in 34 countries.
Azoxystrobin is a broad spectrum systemic fungicide widely used in agriculture to protect crops from fungal diseases. It was first marketed in 1996 using the brand name Amistar and by 1999 it had been registered in 48 countries on more than 50 crops. In the year 2000 it was announced that it had been granted UK Millennium product status.
Mycogen Seeds, headquartered in Indianapolis, Indiana, United States, provides seeds for agriculture. Mycogen produces, markets and sells hybrid seed corn. The company also markets and sells sorghum, sunflower, soybean, alfalfa, and canola.
CropLife International is an international trade association of agrochemical companies founded in 2001. It was previously known as Global Crop Protection Federation and started out as International Group of National Associations of Manufacturers of Agrochemical Products in 1967. Its members include the world's largest agricultural biotechnology and agricultural pesticide businesses namely BASF, Bayer CropScience, Corteva, FMC Corp., Sumitomo Chemical and Syngenta. The international body combines several national-level or continent-wide organisations, each one having the same goals but differing according to local language and custom.
Yield10 Bioscience is a company developing new technologies to achieve improvements in crop yield to enhance global food security.
Sulfoxaflor, also marketed as Isoclast, is a systemic insecticide that acts as an insect neurotoxin. A pyridine and a trifluoromethyl compound, it is a member of a class of chemicals called sulfoximines, which act on the central nervous system of insects.
China National Chemical Corporation, commonly known as ChemChina, is a Chinese state-owned chemical company in the product segments of agrochemicals, rubber products, chemical materials and specialty chemicals, industrial equipment, and petrochemical processing for the civilian and military sectors. As of 2020, it is ranked 164th among the Fortune Global 500 companies.
The Chemours Company is an American chemical company that was founded in July 2015 as a spin-off from DuPont. It has its corporate headquarters in Wilmington, Delaware, United States. Chemours is the manufacturer of Teflon, the brand name of polytetrafluoroethylene (PTFE), known for its anti-stick properties. It also produces titanium dioxide and refrigerant gases.It is currently being sued by the PA Attorney General, for knowingly exposing the public to PFAS..
Cyproconazole is an agricultural fungicide of the class of azoles, used on cereal crops, coffee, sugar beet, fruit trees and grapes, and peanuts, on sod farms and golf course turf and on wood as a preservative. It has been used against powdery mildew, rust on cereals and apple scab, and applied by air or on the ground or by chemigation.
DuPont de Nemours, Inc., commonly shortened to DuPont, is an American multinational chemical company first formed in 1802 by French-American chemist and industrialist Éleuthère Irénée du Pont de Nemours. The company played a major role in the development of the U.S. state of Delaware and first arose as a major supplier of gunpowder. DuPont developed many polymers such as Vespel, neoprene, nylon, Corian, Teflon, Mylar, Kapton, Kevlar, Zemdrain, M5 fiber, Nomex, Tyvek, Sorona, Corfam and Lycra in the 20th century, and its scientists developed many chemicals, most notably Freon (chlorofluorocarbons), for the refrigerant industry. It also developed synthetic pigments and paints including ChromaFlair.
Granular Inc. is a San Francisco-based agricultural software development company focused on helping farmers be more profitable and efficient. The company's software products provide farmers tools to manage their financial performance and manage agronomic inputs for maximum performance and return. In addition to digital tools for farmers, Granular also owns AgStudio, a precision ag software company used primarily by ag retailers and professional agronomists, as well as AcreValue, a website that uses proprietary algorithms to provide estimated land values.
UPL Limited, formerly United Phosphorus Limited, is an Indian multinational company that manufactures and markets agrochemicals, industrial chemicals, chemical intermediates, and specialty chemicals, and also offers pesticides. Headquartered in Mumbai, the company is engaged in both agro and non-agro activities. The agro-business is the company's primary source of revenue and includes the manufacture and marketing of conventional agrochemical products, seeds, and other agriculture-related products. Dr. Mritunjay Chaubey The Global Vice President and Head of Environment & Sustainability, has brought sustainability to new benchmarks and heights. Mritunjay's work lead UPL to WBCSD as the only company from India who was offered this prestigious opportunity to present their study on this international platform. The non-agro segment includes manufacturing and marketing industrial chemicals and other non-agricultural products such as fungicides, herbicides, insecticides, plant growth regulators, rodenticides, industrial & specialty chemicals, and nutrifeeds. UPL products are sold in 150+ countries.
Pydiflumetofen is a broad spectrum fungicide used in agriculture to protect crops from fungal diseases. It was first marketed by Syngenta in 2016 using their brand name Miravis. The compound is an amide which combines a pyrazole acid with a substituted phenethylamine to give an inhibitor of succinate dehydrogenase, an enzyme that inhibits cellular respiration in almost all living organisms.