IMC is planning to invest USD 47-50 million in its production facilities
2013-07-09 16:04:54
According to the official statement made by the General Director of IMC Alex Lissitsa IMC is planning to invest USD 47-50 M in development of its production facilities. Vehicular base will be updated, land bank will be increased and elevator modernization is included in modernization program. IMC is aiming to increase its land bank by 16 thousand hectares in 2013 and by another 20 thousand hectares in 2014. Corn and sunflower yield per hectare is expected to grow in 2013 as those two cultures comprise 70% of company’s crop. Company will focus on increasing production utilization rate during the current season.
UkrAgroConsult comment: New management of the company is stating clear goals that the holding will aim to reach. We will be following the situation and will update accordingly.
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