DGAP-News: IMC announces cooperation with Bayer CropScience and International Finance Corporation (IFC)

DGAP-News: IMC announces cooperation with Bayer CropScience and International 
Finance Corporation (IFC)

INDUSTRIAL MILK COMPANY S.A.  / Key word(s): Alliance

25.09.2013 12:06

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IMC announces cooperation with Bayer CropScience and International Finance
Corporation (IFC)

- Pilot project to increase agricultural productivity
- Bayer CropScience and IFC selected IMC to participate in advisory program
- IMC up to serve as role model on innovation and sustainability in  
  agribusiness by exploring enormous agrarian potential of Ukraine for 
- 1/3 of the world's black soil resources and favourable climate as frame 

Kiev, September 25, 2013 - IMC, one of the leading agricultural companies
in Ukraine, has just announced its participation in a pilot project aimed
at increasing agricultural productivity and boosting the country's farming

'The company was selected to participate in and to contribute to the
advisory project 'Sustainable Development of Medium- and Small-Scale
Farmers in Ukraine' of Bayer CropScience and the International Finance
Corporation (IFC)', explains CEO Dr. Alex Lissitsa. 'The aim of the
cooperation is to identify new ways to maximize agricultural production in
a sustainable manner. We have to learn how to make best use of it with the
professional know-how of experienced partners, especially in the context of
global food security.' Agricultural lands in Ukraine correspond to 20
percent of all agricultural lands of the European Union. Furthermore the
country has 1/3 of the world's black soil resources and a favorable
climate. Securing harvests and increasing agricultural productivity are key
factors for global food security.

Andreas Loechel, Head of Bayer CropScience Northern Black Sea Countries,
said: 'This cooperation aims to develop, test and pilot innovative
approaches in three areas, namely in sustainable farm management standards
and business processes; how to use high tech information and communication
solutions in order to improve efficiency and sustainability of crop growing
practices; and how to introduce modern and precision crop growing practices
in crop production. IMC will contribute to the sustainable development of
medium and small scale farms in Ukraine by serving as an example on the
introduction of sustainable farming practices.'

Oksana Varodi, Head of IFC's advisory program, said: 'IFC supports
agribusiness in Ukraine across the value chain - from primary production to
retail. In this project we are building shared value partnerships between
all the stakeholders across the value chain to improve farmers' access to
knowledge, open new markets, support financing and extension services.'

Program as basis for sustainable business development of IMC
Until the end of 2014, IMC will work together with Bayer CropScience and
IFC. For IMC the program is more than just a 16-months project: 'Since the
foundation of the company in 2007, our key objective has been to increase
the efficiency of agricultural production - with respect to people and
land', says Dr. Lissitsa. 'We now have the chance with the help of our
partner's expertise to continue with the implementation of the most
up-to-date agricultural technologies which contribute considerably to our
efficiency.' The cooperation team consists of external consultants, experts
of IFC and Bayer CropScience as well as five staff members of IMC.

The project 'Sustainable Development of Medium and Small -Scale Farmers in
Ukraine' is being implemented by IFC, a member of the World Bank Group, and
is supported with funds from the Austrian Ministry of Finance. It will make
the most innovative technologies and high-tech solutions available to
Ukrainian farmers.

Press Contact

Stockheim Media GmbH, Christina Gehlen
Tel: +49 (0)221 42075-25 E-Mail: cg@stockheim-media.com

About IMC
IMC is one of the leading integrated agricultural companies in Ukraine, and
is listed on the Warsaw Stock Exchange. The company is primarily involved
in crop cultivation, the storage and processing of grain and oilseed crops,
potato production and dairy farming. It operates 120,700 hectares of land
located in the prime fertile farming regions of Ukraine (Poltava,
Chernihiv, Sumy). The company was founded in 2007. In 2012, IMC reported
net profit of USD 18.7 million and EBITDA of USD 32 million. For more
information visit www.imcagro.com.ua.

About Bayer CropScience
Bayer is a global enterprise with core competencies in the fields of health
care, agriculture and high-tech materials. This year the company looks back
on 150 years of working to fulfill its mission 'Bayer: Science For A Better
Life'. Bayer CropScience, the subgroup of Bayer AG responsible for the
agricultural business, has annual sales of EUR 8,383 million (2012) and is
one of the world's leading innovative crop science companies in the areas
of seeds, crop protection and non-agricultural pest control. The company
offers an outstanding range of products including high value seeds,
innovative crop protection solutions based on chemical and biological modes
of action as well as an extensive service backup for modern, sustainable
agriculture. In the area of non-agricultural applications, Bayer
CropScience has a broad portfolio of products and services to control pests
from home and garden to forestry applications. The company has a global
workforce of 20,800 and is represented in more than 120 countries. This and
further news is available at: www.press.bayercropscience.com.

About IFC 
IFC, a member of the World Bank Group is the largest global development
institution focused exclusively on the private sector. Working with private
enterprises in more than 100 countries, we use our capital, expertise, and
influence to help eliminate extreme poverty and promote shared prosperity.
In FY13, our investments climbed to an all-time high of nearly $25 billion,
leveraging the power of the private sector to create jobs and tackle the
world's most pressing development challenges.  For more information, visit

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