Corteva makes $145M play in Michigan
Corteva’s board recently approved a $145 million capital investment in its Midland, Mich. manufacturing facility to expand its insect management technology capacity for the natural products market. Expected to come online in the next few years, the expansion will boost capacity by 30%. The products will be sold in more than 100 countries for use in the production of more than 100 crops. The investment is expected to boost earnings by $100 million when fully deployed.