BioTech, Technology - Monday, November 9, 2009 15:40 - 4 Comments

Monsanto Co. MON, Monsanto to Open China Based Research Center

Agricultural giant Monsanto Co. recently announced that they will be opening a new research center based in China. The research center, which will focus on biotechnology research will be opened in Beijing, China’s capital city.

According to the company, the new biotechnology research facility will help improve the company’s relations with Chinese research institutions with regards to genomics and plant biotechnology. The new research center will be called the Monsanto Biotechnology Research Center.

The research center will be the next to join the ranks of Monsanto’s research institutions. Monsanto also operates other research facilities in Brazil, India and the United States. The Monsanto Biotechnology Research Center will serve as the company’s base of operations for their collaborative efforts with scientists from China.

In related news, Monsanto Co. shares went up by 0.32% during midday trading.

About Monsanto Co.: Monsanto Company, together with its subsidiaries, provides agricultural products for farmers in the United States and internationally.

The company sells its products through distributors, retailers, dealers, agricultural co-operatives, plant raisers, and agents, as well as directly to farmers. Monsanto Company has a joint venture with Cargill, Inc. to commercialize a proprietary grain processing technology under the name Extrax. It also has a collaboration agreement with BASF in plant biotechnology that focuses on high-yielding crops and crops that are tolerant to adverse conditions. The company was founded in 2000 and is based in St. Louis, Missouri.