The long-term strategic collaboration provides UPL access in key markets prior to patent expiration, to commercialize FMC Corporation s leading insecticide, Rynaxypyr active.
As per the agreement, UPL will toll manufacture and supply Rynaxypyr to FMC in India, and FMC will supply the active ingredient to UPL depending on the markets. The deal adds a key portfolio of products to UPL s business and supports FMC in maximizing the penetration of this important active ingredient.
Rynaxypyr is considered a reduced risk pesticide due to its favourable toxicological and environmental profile. It is a useful tool for farmers in integrated pest management systems. This provides opportunities for growers to implement more sustainable solutions, supporting UPL s mission to make every single food product more sustainable.
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Jan 29, 2021
MUMBAI, IN, AND SUNNYVALE, CALIF., USA – UPL Ltd. today announced a strategic collaboration with TeleSense®, a California-based IoT (Internet of Things) innovator revolutionizing post-harvest grain storage and transport. UPL will help TeleSense strengthen its sales channel by introducing monitoring solutions for post-harvest commodity storage and transport to multiple stakeholders across the agriculture value chain.
“Through our OpenAg Purpose, we collaborate with innovative partners to facilitate progress towards reducing food waste while enabling farmer resilience,” said Jai Shroff, CEO of UPL. “With around one third of global food production lost annually due to food waste, this is a problem our industry cannot ignore. Our partnership with TeleSense represents a new vision for how grain is stored, handled and transported by creating a more efficient, data-driven supply chain that will reduce food waste, improve foo
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1/28/2021 Around one third of global food production is lost annually to food waste. It’s a problem, says Jai Shroff, that we cannot ignore. “Through our OpenAg Purpose, we collaborate with innovative partners to facilitate progress toward reducing food waste while enabling farmer resilience,” says Shroff, CEO of UPL. A recent collaboration with TeleSense, a California-based IoT innovator developing post-harvest grain storage and transport technology, means UPL is one step closer to achieving that goal. The company will help TeleSense strengthen its sales channel by introducing monitoring solutions for post-harvest commodity storage and transport to multiple stakeholders across the agriculture value chain.