Long-term investment includes state of the art facilities construction and land development
JUANA DÍAZ, PR (February 22, 2016) – Monsanto Caribe announced plans to consolidate its Research and Development (R + D) activities in Puerto Rico. As a result of this process, the company’s operations in the Island will be consolidated to the Monsanto Juana Díaz site, relocating the activities currently performed at its Isabela site.
The company also announced that they plan to continue strengthening its plant breeding activities in Puerto Rico through investments in field operations, new breeding technologies and expanded facilities.
This consolidation best leverages Monsanto’s recent actions in Juana Díaz, which include significant capital investments and the relocation of key leadership roles.
“Puerto Rico is a key component of our R + D process. Cotton seed bred in Puerto Rico is used to develop seeds that are sold throughout the world; soybeans bred in Puerto Rico are developed into seeds that are used by farmers throughout North and South America,” said Miguel Pereira, Puerto Rico community Affairs Manager. “We have invested capital and resources in Puerto Rico for approximately 20 years, and plan to continue to do so. We are proud of the team that has served us well throughout the many years.”
In October 2015, Monsanto announced a number of strategic actions globally to help drive greater scale in its business and further enhance its overall operations. Puerto Rico’s consolidation process is aligned with existing corporate plans and will allow cost efficiencies and better competiveness for our operations in Puerto Rico.
The Isabela site will continue to support the R + D operation throughout the next 6 to 12 months. Many of the Isabela employees will be offered the opportunity to relocate to Juana Diaz, but will also have the option to receive a severance package in the event they choose not to relocate. All remaining affected employees will be offered severance benefits under Monsanto’s Separation Plan in compliance with Puerto Rico Labor Laws.
“Monsanto remains committed to treating employees who are involved in these changes with compassion and respect, and that will continue,” said Eric Torres-Collazo, Monsanto Puerto Rico Manager. “Our Isabela facility was a pioneer in the biotech industry in Puerto Rico, and we are grateful for the support we have received from our employees and community throughout this time.”
The updates Monsanto has made to its Juana Díaz facilities are a step forward in its vision for maximum sustainable production in its Breeding operations. Through sustainable seed production the company expects to reduce pesticide applications, as well as its overall crop production footprint and carbon emissions from reductions in soil tillage.
“We are moving into a new era of greater challenges and opportunities in the biotech industry. We are preparing to bring better technology and greater efficiency to our operations so farmers across the world can meet the challenge of feeding and clothing an ever-growing population,” Torres-Collazo said.
About Monsanto Company
Monsanto is committed to bringing a broad range of solutions to help nourish our growing world. We produce seeds for fruits, vegetables and key crops – such as corn, soybeans, and cotton – that help farmers have better harvests while using water and other important resources more efficiently. We work to find sustainable solutions for soil health, help farmers use data to improve farming practices and conserve natural resources, and provide crop protection products to minimize damage from pests and disease. Through programs and partnerships, we collaborate with farmers, researchers, nonprofit organizations, universities and others to help tackle some of the world’s biggest challenges. To learn more about our business and our commitments, please visit: www.monsanto.com. Follow our business on Twitter® atwww.twitter.com/MonsantoCo, on the company blog, Beyond the Rows at www.monsantoblog.com, or subscribe to our News Release RSS Feed.
About Monsanto Caribe
Since 1998, Monsanto Caribe LLC has been part of the Puerto Rican seed breeding industry, using the tools of modern biology to help farmers successfully feed, clothe and fuel our growing world. Monsanto’s operations on the island consist of agricultural biotechnology research and development of the best corn, cotton and soy seeds for farmers. The objective is to find the most desirable traits to improve crops and develop new seed with such traits. In Puerto Rico, the company has earned such honors as the 2012, 2013, 2014 and 2015 Los Mejores Patronos en Puerto Rico Award in the Medium Business Category, as well as being inducted in the Puerto Rican Agriculture Hall of Fame in April of 2013. To learn more about our business and our commitments, please visit: www.monsanto.com. Follow our business on Twitter® at www.twitter.com/MonsantoCo, on the company blog, Beyond the Rows at www.monsantoblog.com, or subscribe to our News Release RSS Feed. For information in Spanish, please visit www.monsanto.pr, and follow our business on Facebook® at facebook.com/monsantopuertorico.