Monsanto Expands European Corn and Rapeseed Production Capacity, Adds Corn Cob Burners to Reduce Carbon Emissions

04/11/2013

Morges, Switzerland – November 4, 2013 – Responding to strong demand for its high-performance agricultural seeds globally, Monsanto Co. this week is inaugurating additions to its hybrid corn and rapeseed production plants at several sites in Europe.

The increase in Monsanto’s seed processing capabilities in Romania, Hungary and Turkey is part of a decade-long, 500-million-euro investment in Europe that will include further investments in France, Ukraine and Russia, more than double the company’s seed production and reinforce strategic partnerships with subcontractors throughout Europe. Events this week mark the arrival at the half-way point in the current expansion.

“Our investment in Europe significantly increases our ability to meet demand from local farmers for our high-quality, conventional hybrid corn and rapeseed varieties,” said José Manuel Madero, Monsanto’s Row Crops Lead for Europe, Middle East and Africa.

Monsanto’s seed plants make substantial contributions to local economies, including employment and exports. “Our seed plant in Peyrehorade, France, exports corn and oilseed rape to 30 countries,” said Madero. “By expanding our own seed production capacity, we help countries increase their own exports, which in turn brings significant value to local economies.”

The ongoing capacity expansion will create around 150 new full-time jobs and several hundred seasonal and contract jobs across the region. Monsanto employs more than 3,000 people in 70 locations throughout Europe, plus around 1,000 seasonal workers.

The seed plant expansions also underline Monsanto’s commitment to conserving natural resources. Investments at several sites include planting and irrigation systems as well as equipment to produce energy by burning corn cobs, a by-product of seed production. The investment will help Monsanto cut its energy bills and carbon emissions from European seed production in half.

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About Monsanto Company

Monsanto Company is a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality. Monsanto remains focused on enabling both small-holder and large-scale farmers to produce more from their land while conserving more of our world's natural resources such as water and energy. To learn more about our business and our commitments, please visit: www.monsanto.co.uk.  Follow our business on Twitter® at www.twitter.com/MonsantoEurope, on the company’s blog, Beyond the Rows® at www.monsantoblog.com, or subscribe to our News Release RSS Feed.

Cautionary Statements Regarding Forward-Looking Information:

Certain statements contained in this release are "forward-looking statements," such as statements concerning the company's anticipated financial results, current and future product performance, regulatory approvals, business and financial plans and other non-historical facts. These statements are based on current expectations and currently available information. However, since these statements are based on factors that involve risks and uncertainties, the company's actual performance and results may differ materially from those described or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, among others: continued competition in seeds, traits and agricultural chemicals; the company's exposure to various contingencies, including those related to intellectual property protection, regulatory compliance and the speed with which approvals are received, and public acceptance of biotechnology products; the success of the company's research and development activities; the outcomes of major lawsuits and the previously-announced SEC investigation; developments related to foreign currencies and economies; successful operation of recent acquisitions; fluctuations in commodity prices; compliance with regulations affecting our manufacturing; the accuracy of the company's estimates related to distribution inventory levels; the company's ability to fund its short-term financing needs and to obtain payment for the products that it sells; the effect of weather conditions, natural disasters and accidents on the agriculture business or the company's facilities; and other risks and factors detailed in the company's most recent Form 10-K Report to the SEC. Undue reliance should not be placed on these forward-looking statements, which are current only as of the date of this release. The company disclaims any current intention or obligation to update any forward-looking statements or any of the factors that may affect actual results.

Note to editors: Monsanto and the Vine Design, Roundup Ready 2 Yield and Intacta RR2 PRO are trademarks of Monsanto Company and its wholly-owned subsidiaries.

For more information

A brochure describing Monsanto’s seed plants can be found here: http://www.monsanto.com/global/uk/newsviews/Documents/where-seeds-come-from.pdf. The brochure is also available in French, Romanian, Hungarian, Ukrainian and Turkish.

Media contacts:

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Mark Buckingham, +44 (1954) 717586

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Mihaela Vasile, +40 (21) 305-7140