Monsanto On Track to Spend $1 Billion on Herbicide Expansion
Monsanto On Track to Spend $1 Billion on Herbicide Expansion
SUGAR LAND--April 7, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Monsanto Company (NYSE:MON) (St. Louis, Missouri) is staying on track with its plans to invest as much as $1 billion to increase production of the herbicide dicamba during the next three years, despite current market headwinds, executives said Wednesday. The agrochemical and biotechnology firm reported a 25% drop in its latest fiscal quarter from the same period last year. Industrial Info is tracking Monsanto projects worth $1.39 billion. Within this article: Details of Monsanto's planned herbicide plant expansion in Luling, Louisiana.
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