Corteva Commemorates Five Years of Creating Value
06 June 2024, Indianapolis: Five years ago, Corteva, Inc. launched as a public company with one mission: to consistently deliver cutting-edge solutions to help farmers feed and fuel the world. Since then, the company has helped farmers increase their yields—grow more food—by ramping up innovative products, including: Enlist E3™1 soybeans, the #1 soybean trait system in the U.S.; Vorceed™ Enlist™ corn, which better protects against corn rootworm; proprietary winter canola hybrids to help meet the growing demand for biofuels while providing farmers with an additional revenue source; Reklemel™ active, a first-of-its-kind, selective nematicide that protects crops and maintains a healthy balance of beneficial organisms in the soil; Adavelt™ active, providing highly effective defense against more than 20 diseases in more than 30 crops; and Utrisha™ N, a biostimulant capturing supplemental nitrogen from the air.
Today, Corteva employees and senior management will commemorate five years as a standalone company by ringing the opening bell of the New York Stock Exchange.
“These five years of working alongside farmers and customers have shown us that the work we do at Corteva has never been more urgent or more important,” said Corteva CEO Chuck Magro. “Farmers globally are facing the growing pressures of changing weather, new pests and diseases, while at the same time being asked to feed a rapidly growing population – and they’re being asked to do this using the same amount of land and fewer resources. At Corteva, we are proud to mark five years of delivering the innovation that helps farmers around the world safely and effectively address each of these issues.”
Corteva invests nearly $4 million in innovation every day and employs approximately 22,500 people worldwide, with more than 5,000 dedicated to finding and delivering next-generation innovation at over 100 research sites and 2,000 testing locations worldwide. The company serves roughly 10 million farmers and customers in 125 countries.
Corteva’s five years by the numbers:
- Surpassed $78 billion in cumulative net sales2
- Increased annual operating EBITDA by over $1.3 billion (63%)23
- Delivered total shareholder return of approximately 140%4
- Launched approximately 2,000 new products to help farmers increase yields2
- Established over 700 agreements globally to help research start-ups, universities and others to advance cutting-edge agriculture technology
- Delivered technology backed by more than 7,000 added patents
- Developed the world’s only germplasm pool to produce corn with yields over 600 bu/ac
- Met robust sustainability innovation criteria in 100% of new solutions in product pipeline
- Through strategic partnerships, enhanced over one million acres of land supporting biodiversity and regenerative agriculture outcomes
Also Read: Shriram Farm Solutions Launches 5 New Products
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