SOURCE: Industrial Info Resources

April 29, 2008 06:00 ET

Monsanto Expanding Production of Glyphosate Chemicals, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - April 29, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Although many new construction dollars are going overseas, U.S. businesses are still experiencing an incredible boom. Agricultural-herbicide products containing glyphosate like Roundup, the leading seller in its class, are in great demand largely because of the ethanol business and rising corn prices. With the price of crude oil near $120 per barrel and corn prices on the rise because of high demand in the ethanol industry, efficient land usage is critical to farmers who wish to maximize the profitability of their farms. Up to $196 million will be spent by Monsanto Company (NYSE:MON) at its plant located in Luling, Louisiana, over the next 18 months to increase production capacity and develop plant infrastructure for the expansion of glyphosate chemicals.

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