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BUENOS AIRES, July 18: The US agrochemical giant Monsanto will direct most of a $365 million investment in Argentina to a corn seed factory in the central city of Cordoba, the local government there axnnounced on Tuesday. Argentina is the world’s second largest producer of corn and Monsanto will consecrate $329 million of its overall investment to the factory, the rest will go to “two new experimental facilities” in Cordoba and Tucuman province. The new factory is scheduled to open in 2013 and produce enough seed to sow 3.5 million hectares.—AFP
