Devgen and Sang Hyang Seri Enter Hybrid Rice Collaboration
July 24, 2009| |
Belgium-based crop technology company Devgen and Sang Hyang Seri, an agrochemical company wholly owned by the Indonesian government, announced that they have signed an agreement to create a business unit for hybrid rice seed production. The business unit is a contractual venture that will be jointly managed by the companies. Sang Hyang Seri (SHS) will provide local expertise, land and infrastructure and Devgen will provide the hybrid rice production technology. Produced seeds will be distributed by SHS and Devgen within Indonesia.
SHS currently produces and supplies around 100,000 tons of certified rice seed (close to one third of the Indonesia's rice seed requirements). SHS President Eddy Budiono said: "With this cooperation we will, as per government guidance, provide the Indonesian farmer with the best, locally produced hybrid rice to increase yield and productivity in the country. The result will be significantly realized in the next few years."
Read the press release at http://www.devgen.com/press_detail.php?id=1329839
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