ADAMA-STK agreement on TIMOREX GOLD & STK REGEV ‘Hybrid’ Fungicides for Colombia

11th March 2019
Leading global crop protection company ADAMA Ltd. (SZSE 000553), and STK bio-ag technologies, the innovative Israel-based leader in botanical and hybrid technologies for sustainable agriculture and aquaculture, have signed an exclusive agreement for the distribution of TIMOREX GOLD botanical-based bio-fungicide and STK REGEV ‘Hybrid’ fungicide throughout Colombia.
In Colombia, TIMOREX GOLD is approved for the following crops: Bananas, Rice, Ornamentals, Tomatoes, Avocados, Onions, Coffee, Corn, Tobacco, Potatoes, Passion fruit and pitahaya. Colombia has also approved STK REGEV on rice, with expected label extension on bananas, ornamentals, coffee and tomatoes.
Commenting on the agreement, STK CEO, Arye Tenenbaum said, “We are very pleased to be partnering with such a great company as ADAMA, whose world-class team of experts will promote the use of these exceptionally innovative and highly-effective biological products to Colombian growers."
ADAMA Andeans Countries CEO, Edgardo Iglesias commented, “TIMOREX GOLD and STK REGEV complement ADAMA’s portfolio in Colombia. With these highly-advanced technologies, we aim to continue providing valuable services and products to enable farmers to optimize yields and help them grow."
STK Colombia Country Manager, Jose A. Estevez added, “I have great expectations for this strategic agreement to accelerate the STK market penetration and sales growth in Colombia.”