The Agriculture Division of DowDuPont announced Feb. 26 that once it is spun off, which is expected to happen by June 1, 2019, it will become Corteva Agriscience, a name derived from a combination of words meaning "heart" and "nature."
"This is the start of an exciting journey," said James Collins Jr., chief operating officer of the DowDuPont Agriculture Division. "Corteva Agriscience is bringing together three businesses with deep connections and dedication to generations of farmers. Our new name acknowledges our history while looking forward to our commitment to enhancing farmer productivity as well as the health and well-being of the consumers they serve.”
Collins said with the most balanced portfolio of products in the industry, nearly a century of agronomic expertise and an unparalleled innovation engine, Corteva Agriscience will become a leading agriculture company focused on working together with the entire food system to produce a secure supply of healthy food.
Corteva Agriscience will bring together DuPont Crop Protection, DuPont Pioneer and Dow AgroSciences to create a market-shaping, stand-alone agricultural company with leading positions in seed technologies, crop protection and digital agriculture, DowDupont said.
Corporate headquarters for the intended company will be located in Wilmington, Del., and will include key corporate support functions. Sites in Johnston, Iowa, and Indianapolis, Ind., will serve as global business centers, with leadership in business lines, business support functions, research and development (R&D), global supply chain and sales and marketing capabilities concentrated in the two Midwest locations.
Further, DowDupont said the intended company has developed some of the best talent, technology, innovation and R&D capabilities that will uniquely position it to transform the food system by helping farmers grow better, more abundant and healthier crops while using fewer natural resources.
"We will continue to invest in some of the most recognized and premium brands in agriculture: Pioneer, Mycogen and the newly launched Brevant seed brands, as well as our award-winning crop protection products -- such as Aproach Prima fungicide and Quelex herbicide with Arylex active -- while bringing new products to market through our solid pipeline of active chemistry and technologies," Collins said.
In addition to announcing the corporate name, the intended agriculture company unveiled the Corteva Agriscience brand identity and logo at Commodity Classic.
DowDuPont will support the new brand name through a series of recognition events between now and the time the division becomes an independent company.