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Motilal Oswal Report
UPL Ltd. has announced a long-term strategic collaboration with FMC Corporation, a leading global agricultural sciences company.
The pact allows UPL access to key markets prior to the patent expiry and to commercialize Rynaxypyr Active: FMC's leading insecticide.
As per the agreement, UPL will toll manufacture and supply Rynaxypyr to FMC in India. FMC will supply the active ingredient (AI) to UPL depending on the market.
The deal adds a key portfolio of products to company's business and supports FMC in maximizing the penetration of this important AI.
Early access to Rynaxypyr formulations in key markets allows the company to provide farmers with more sustainable product choices.
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