Newport Beach, California
January 19, 2007
American Vanguard
Corporation (NYSE:AVD), today announced that its subsidiary,
AMVAC Chemical Corporation, has entered into an agreement with
DuPont (NYSE:DD) Crop
Protection to offer AMVAC’s newly launched corn herbicide,
IMPACT® 2.8SC, in the TruChoice® Opportunity Program.
Purchases of IMPACT corn herbicide
will qualify for the TruChoice Opportunity Program, offered
through
Pioneer Hi-Bred International,
Inc., a DuPont subsidiary.
The TruChoice Opportunity Program
is a financing program for growers purchasing DuPont approved
crop protection products and Pioneer brand seed products. Under
the agreement, corn growers and seed corn growers who purchase
IMPACT herbicide before October 31, 2007 will qualify for
program financing. IMPACT herbicide, which was successfully
introduced in 2006, offers broad-spectrum control of key
broadleaf weeds in corn, plus bonus GrassAssistTM control of
important grasses. The low-use-rate systemic herbicide also
offers excellent crop safety on all types of corn. In addition
to field corn, it is labeled for use on sensitive corn types,
including seed corn, sweet corn and popcorn.
IMPACT herbicide is the only
post-emergence corn herbicide with the HPPD mode of activity to
be included in the TruChoice Opportunity Program.
“Participation in this program is
a great opportunity for IMPACT herbicide and for growers who can
benefit from its unique capabilities to control both broadleaf
weeds and important grass species,” said Ted Ramirez, AMVAC
director of marketing. “The inclusion of IMPACT in the TruChoice
Opportunity Program shows the confidence that both DuPont Crop
Protection and Pioneer Hi-Bred International place in our
product’s performance.”
“With this addition to the corn
herbicide product portfolio in the TruChoice Opportunity
Program, farmers have another tool to add value to their
herbicide programs,” said Kevin Staska, corn product manager,
DuPont Crop Protection. “This agreement supports DuPont’s vision
of meeting the world demand for sustainable food, feed, fiber
and fuel.”
Pioneer Hi-Bred International,
Inc., a subsidiary of DuPont, is the world's leading source of
customized solutions for farmers, livestock producers and grain
and oilseed processors. With headquarters in Des Moines, Iowa,
Pioneer provides access to advanced plant genetics, crop
protection solutions and quality crop systems to customers in
nearly 70 countries.
American Vanguard Corporation
is a diversified specialty and agricultural products company
that develops and markets products for crop protection and
management, turf and ornamentals management and public and
animal health. The Company’s basic strategy is to acquire and
license brand name, niche product lines from larger companies
that divest mature products to focus on newly discovered
molecules. American Vanguard is included on the Russell 2000®
and Russell® 3000 Indexes. |