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Memphis, Tennessee
September 25, 2001
Stoneville Pedigreed Seed
Company, an internationally recognized leader in the
development, production and marketing of cotton planting seed,
and Pioneer Hi-Bred International Inc, the world's largest
developer and producer of hybrid seed corn and varietal soybean
seed, are pleased to announce a pair of agreements that will
bolster each company's market position in the cotton markets of
southern Europe.
Stoneville, and its affiliate company, Acala Cotton Seeds,
Inc., who recently acquired the cotton seed assets of Germain's
Cotton Seeds, Inc. of Fresno, California, have each executed
exclusive agreements with Pioneer Overseas Corporation (POC), an
affiliate of Pioneer Hi-Bred International, for distribution of
their cotton planting seed products in the countries of Greece
and Spain.
The Spain agreements, effective immediately, will include the
efforts of Pioneer Hi-Bred Spain. Under the terms of the Greece
agreements, scheduled to take effect January 1, 2002, Stoneville
and Acala will work with Pioneer Hi-Bred Hellas S.A. Cotton seed
distributed in both countries will be non-transgenic. Stoneville
President Thomas F. (Bud) Hughes says, "Stoneville is extremely
pleased to associate with Pioneer in the important cotton
markets of Europe. Because Stoneville is a leading supplier of
cotton seeds to these markets, and Pioneer is a leading seed
supplier to these markets, this new alliance will bring
opportunities to improve the total package of products and
services to the growers of Greece and Spain."
Pioneer's Vice-President and Director of European Operations,
Giuseppe Manara commented, "I am very enthusiastic about the
potential our relationship with Stoneville brings to our
customers. Farmers in Spain and Greece will have more options
for profitability now that superior cotton seed is available
through the familiar Pioneer seed representative they know and
trust."
Rich in cotton
heritage, Stoneville Pedigreed Seed Co. is headquartered in
Memphis, Tennessee, with research & development sites, and seed
production facilities located across the United States and
internationally. Breeding cotton since 1922, the company
provides conventional and transgenic varieties that cotton
growers need today to compete in the global cotton economy. For
more information, go to
www.stoneville.com
Pioneer Hi-Bred
International, Inc., a wholly owned DuPont subsidiary, is the
world's leading developer and supplier of advanced plant
genetics to farmers worldwide. With headquarters in Des Moines,
Iowa, Pioneer develops, produces and markets a full line of
top-quality seeds, forage and grain additives and provides
services to customers in nearly 70 countries. DuPont is a
science company, delivering science-based solutions that make a
difference in people's lives in food and nutrition, health care,
apparel, home and construction, electronics and transportation. |
