DUPONT PIONEER TO INVEST $5 MLN IN LINE FOR PRODUCTION OF SUNFLOWER SEEDS IN POLTAVA REGION

Business news from the Ukrainian League of Industrialists and Entrepreneurs

DUPONT PIONEER TO INVEST $5 MLN IN LINE FOR PRODUCTION OF SUNFLOWER SEEDS IN POLTAVA REGION

31 Mar , 2017  

KYIV. March 31 (Interfax-Ukraine) – Investments in the launch of a line for production of sunflower seeds in the village of Stasy (Poltava region) will amount to $5 million, the company’s director for integrated operations in Europe has told Interfax-Ukraine.
“A new line for production of sunflower seeds worth $5 million is under construction at our seed production facility in the Stasy village. It will be commissioned this year,” he said.
The line’s capacity is 200,000 sunflower seeds. After its launch, the plant’s total capacity will be more than 700,000seeds (corn and sunflower together).
According to the expert, $40 million was invested in the construction of the plant prior to 2013, another $11 million in the line for production of maize seeds in 2014.
The total amount of DuPont Pioneer’s investment in the seed plant after the start of the sunflower seeds line will be $56 million.
DuPont Pioneer sells its seeds in more than 90 countries around the world.
The company opened its representative office in Kyiv in 1998 and began work on testing new hybrids of corn and sunflower. In 2001 Pioneer Nasinnia Ukraine LLC was registered, and on August 27, 2010 the company officially announced the opening of its research and development center in Kyiv region.