Syngenta Sees $75 Million Risk From Bee-Related EU Chemical Bans
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Syngenta AG, the world’s largest maker of crop chemicals, said its exposure to the thiamethoxam chemical at risk from a proposed two-year European Union ban amid concerns to bee health is limited to about $75 million.
Global sales of the chemical are about $1 billion for Syngenta and certain proponents of the ban are trying to turn it into a “cause celebre” to extend it to other areas, according to Chief Executive Officer Michael Mack.