DuPont Pioneer to build large seed plant in Ukraine
DuPont Pioneer has announced its plans to build a seed plant in the Poltava region of Ukraine, which is to be one of the largest in the country.
According to the official report the facility will be located in the village of Stacey Dikanka district of Poltava region. And the project will cost approximately US$40 million.
The purpose of the new plant is to stimulate agricultural development in the country and to increase the productivity of Ukrainian farmers. The plant is planned for completion in early 2013 thus allowing the company take advantage of the seasonal jump in demand for hybrid maize, sunflower and rapeseed in Ukraine.
“This investment will further expand our efforts to grow our business in one of the most productive maize, sunflower and oilseed rape growing regions of the world," said Jeff Rowe, Regional director, DuPont Pioneer Europe. He added: "We have seen tremendous growth in our sunflower and maize business with record volumes in the recent years, growing market share and strong product performance and yield advantages. The construction of this new seed production facility demonstrates the commitment of DuPont Pioneer to providing Ukrainian farmers with the best products for their specific growing areas and needs."
Thanks to the new plant, the company will be able to distribute the 500,000 units of hybrid maize and sunflower of the brand Pioneer across the CIS region per year. The company also will focus on the Russian market.
"The new facility will allow DuPont Pioneer to ensure a stable supply of locally produced high-quality sunflower and maize seed for farmers in Ukraine and Russia, and meet the growing demand of these important agricultural crops in the country", said Csaba Molnar, Commercial Unit director, DuPont Pioneer Ukraine and Russia.
DuPont Pioneer is the market leader in Ukraine for maize hybrids and holds second position for both the sunflower and oilseed rape hybrid markets.
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