04/19/2021 | Press release | Distributed by Public on 04/19/2021 06:44
Company invests almost €13m in Afumati facility to meet demand from European farmers
BUCHAREST, Romania - April 19, 2021 - Corteva Agriscience has announced the investment of almost €13 million to expand its production facility at Afumati, Romania, and to accelerate the growth of its sunflower seed business in Europe.
The construction of a modernized facility is already underway and is set to become operational at the beginning of August, in time for the sunflower harvesting season. It will host cleaning, treatment and packaging activities for the sunflower seeds.
The capital investment project comprising a new bulk storage and conditioning facility will enable Corteva Agriscience to shorten the supply chain, improve reliability and agility, and increase its European processing capacity to support growth in Europe.
'By expanding our operations in Romania, we are leveraging our strengths in the European seed market,' said Jean Ionescu, Country Leader in Romania at Corteva Agriscience. 'The increased capacity of Afumati facility will allow us to meet the growing domestic and international demand for the high-quality seeds. As a result, Corteva will be able to stay ahead of the demand for Pioneer® brand sunflower genetics.'
Marius Baraceanu, Production Location Manager in Romania at Corteva Agriscience, added: 'With 35,000 manpower hours already dedicated, the project implementation is moving on within schedule. Taking into consideration the COVID-19 pandemic and all the necessary protective measures, the team has done a great job while ensuring safety remains a top priority.'
Afumati seed production facility is one of the most modern Corteva seed production facilities in the world and delivers products with the latest plant genetics advancements to customers all over Europe.
The facility produces corn, sunflower and spring canola hybrids serving needs of customers in EU countries, as well as Ukraine, Russia, Moldova, Belorussia, Kazakhstan, Azerbaijan and Turkey.
Afumati has been operating since 2006, employs almost 160 people and 250 seasonal workers during harvesting time. The facility's expansion will allow Corteva Agriscience to create almost 20 new contractor positions. The total investment of the facility, including the modernization investment, is more than €73 million.
About Corteva Agriscience
Corteva Agriscience is a publicly traded, global pure-play agriculture company that provides farmers around the world with the most complete portfolio in the industry - including a balanced and diverse mix of seed, crop protection and digital solutions focused on maximizing productivity to enhance yield and profitability. With some of the most recognized brands in agriculture and an industry-leading product and technology pipeline well positioned to drive growth, the company is committed to working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. Corteva Agriscience became an independent public company on June 1, 2019 and was previously the Agriculture Division of DowDuPont. More information can be found at www.corteva.com.
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Corporate Communications Manager in Central & Eastern Europe
+38 050 418 25 97, [email protected]