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 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 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 Europe - 1/3 of the world's black soil resources and favourable climate as frame conditions 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 potential. '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: email@example.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 www.ifc.org. 25.09.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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DGAP-News: IMC announces cooperation with Bayer CropScience and International Finance Corporation (IFC)
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