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Thursday, 04 February 2010 15:29 |
St. Louis Business Journal
January 28, 2010
St. Louis Business Journal
By Jennifer Thomas
January 28, 2010
http://stlouis.bizjournals.com
Agricultural-technology giant Monsanto Co. will establish a research and development operation at the North Carolina Research Campus within six months.
The Creve Coeur, Mo.-based company says it has signed a long-term lease and plans an 11,000-square-foot lab on the third floor of the David H. Murdock Core Laboratory on the Kannapolis, N.C., campus.
Financial terms were not disclosed.
The 350-acre research campus is a public/private collaboration focused on health, nutrition and agriculture.
Monsanto (NYSE:MON), which produces genetically modified seeds that boost yields for large-acreage crops, such as corn, cotton and soybeans, could move into its space in the 311,000-square-foot core laboratory by June, said Riddhi Trivedi-St. Clair, a Monsanto spokeswoman.
Monsanto will employ about a dozen scientists at the site. Research will focus on examining the taste and nutritional composition of vegetables as well as enhanced nutrition in food-focused row crops such as soybeans.
It’s been just over a year since the company’s interest in the campus surfaced. Now campus officials describe it as a flagship corporate tenant.
“Monsanto’s presence on the N.C. Research Campus constitutes yet another critical piece in ensuring the success of the campus,” David Murdock, campus founder and chairman of Dole Food Co., said in a statement.
Dole and Monsanto established a separate five-year collaboration last summer to develop vegetable varieties focused on a range of attributes, including flavor and texture.
Collaboration has played a big role in Monsanto’s evolution as a leader in agricultural technology, Trivedi-St. Clair said. “It really is key to our research and development strategies. We just look at this as a great opportunity to be in a place where we can make some real progress and real advances.”
Lynne Scott Safrit, president of campus developer Castle & Cooke, said Monsanto can now work with N.C. State and other universities and private companies at the Kannapolis site. The North Carolina Research Campus is also home to Duke University and UNC Chapel Hill.
Monsanto (NYSE: MON), led by Chairman, President and Chief Executive Hugh Grant, reported a $2.1 billion profit on record sales of $11.7 billion for fiscal 2009. It is one of the largest employers in St. Louis with 4,000 local employees. It has 21,700 workers worldwide.
Jennifer Thomas writes for the Charlotte Business Journal, a sister publication.
St. Louis Business Journal - by Jennifer Thomas
Agricultural-technology giant Monsanto Co. will establish a research and development operation at the North Carolina Research Campus within six months.
The Creve Coeur, Mo.-based company says it has signed a long-term lease and plans an 11,000-square-foot lab on the third floor of the David H. Murdock Core Laboratory on the Kannapolis, N.C., campus.
Financial terms were not disclosed.
The 350-acre research campus is a public/private collaboration focused on health, nutrition and agriculture.
Monsanto (NYSE:MON), which produces genetically modified seeds that boost yields for large-acreage crops, such as corn, cotton and soybeans, could move into its space in the 311,000-square-foot core laboratory by June, said Riddhi Trivedi-St. Clair, a Monsanto spokeswoman.
Monsanto will employ about a dozen scientists at the site. Research will focus on examining the taste and nutritional composition of vegetables as well as enhanced nutrition in food-focused row crops such as soybeans.
It’s been just over a year since the company’s interest in the campus surfaced. Now campus officials describe it as a flagship corporate tenant.
“Monsanto’s presence on the N.C. Research Campus constitutes yet another critical piece in ensuring the success of the campus,” David Murdock, campus founder and chairman of Dole Food Co., said in a statement.
Dole and Monsanto established a separate five-year collaboration last summer to develop vegetable varieties focused on a range of attributes, including flavor and texture.
Collaboration has played a big role in Monsanto’s evolution as a leader in agricultural technology, Trivedi-St. Clair said. “It really is key to our research and development strategies. We just look at this as a great opportunity to be in a place where we can make some real progress and real advances.”
Lynne Scott Safrit, president of campus developer Castle & Cooke, said Monsanto can now work with N.C. State and other universities and private companies at the Kannapolis site. The North Carolina Research Campus is also home to Duke University and UNC Chapel Hill.
Monsanto (NYSE: MON), led by Chairman, President and Chief Executive Hugh Grant, reported a $2.1 billion profit on record sales of $11.7 billion for fiscal 2009. It is one of the largest employers in St. Louis with 4,000 local employees. It has 21,700 workers worldwide.
Jennifer Thomas writes for the Charlotte Business Journal, a sister publication.
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