Bayer AG is investing 60 million euros in order to upgrade its seed production facility in Pochuiky, Ukraine. This investment is consisting of new seed dryers, agricultural field equipment, storage facilities, as well as two new bomb shelters. This has been determined during a visit to Ukraine with German Vice-Chancellor and federal minister for Economic Affairs and Climate Action, Robert Habeck.
Founded in Barmen, Germany, in 1863 by Friederich Bayer and John Fred Beeskow, Bayer AG is now a global enterprise that provides a range of products, from pharmaceuticals and advanced materials to agricultural products and high-tech polymers. The company has been a leading player in the agrochemical and agricultural sectors for decades, and its presence in Ukraine is a true testament to this.
The company’s investment in Pochuiky is significant, as it signals the importance of Ukraine’s agrochemical industry in today’s global economy. The plant, inaugurated in 2018, employs a total of about 350 people, with around 100 permanent employees, and 250-300 seasonal workers. Bayer’s prior investment, to establish corn seed production, amounted to almost 200 million euros.
Matthias Berninger, Bayer’s Head of Public Affairs, Science and Sustainability, has worked with Robert Habeck, German Vice-Chancellor and federal minister for Economic Affairs and Climate Action, to showcase this investment in Ukraine as part of a small business delegation. This is a testament to the commitment of Bayer AG to invest in the future of the country and its agricultural industry.