May 3 (SeeNews) - U.S.-based agricultural conglomerate Corteva Agriscience said on Tuesday it has completed a 14 million euro ($14.7 million) investment in its production facility in Afumati, southern Romania.
The investment will allow the company to meet growing domestic and international demand for high quality sunflower seeds from farmers, Corteva Agriscience said in a press release.
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The investment consists of a new storage and packaging unit and will enable Corteva to shorten the supply chain, increase responsiveness and delivery capacity, as well as its processing capacity at European level, in order to support regional growth.
"With the new investment, we will help farmers get better results and meet the growing demand for high quality sunflower seeds in the context of ongoing efforts to help farmers improve their performance," Corteva Agriscience country leader for Romania and Moldova Jean Ionescu said.
The new investment will create 20 new jobs at the Afumati plant, which employs a total 300 permanent and seasonal workers.
"We will continue to strengthen ties with Romanian farmers, as well as with food producers and consumers in Europe, developing the agility and responsiveness needed in order to thrive," Corteva Agriscience commercial unit leader for CEE region Jean-Phillipe Riffat said.
Located 12 km east of Bucharest, the Afumati seed production unit is in operation since 2006, producing corn and sunflower seeds for customers across Europe.
Since 2006, Corteva Agriscience invested over 74 million euro at the the Afumati plant.
Headquartered in Indiana, Indianapolis, Corteva is a publicly traded company active in the field of agriculture which employs over 21,000 globally.
($=0.9516 euro)