Chinese agricultural company dong High - Tech Agriculture will start constructing new seed plants in the next year to add to its four manufacturing facilities . It wants to increase its market share to 30 % , after forecasting expansion of 5 % a year in the Brazilian corn market . Longping , part of the state - owned CITIC Group , is also planning to set up research centres for corn crops , as well as develop new soy and sorghum seeds . Longping bought its Brazilian corn business for $ 1.1bn from DowDuPont last year .
Chinese agricultural company Longping High-Tech Agriculture will start building new seed plants in Brazil next year to add to its four existing facilities. It wants to increase its market share to 30%, after forecasting expansion of 5% a year in the Brazilian corn market. Longping, part of the state-owned CITIC Group, is also planning to set up research centres for corn seeds, as well as develop new soy and sorghum seeds. Longping bought its Brazilian corn business for $1.1bn from DowDuPont last year.