"The acquisition of the agro-industrial platform in Simian represents a new stage for our company, as we become a seed producer, providing the foundation for developing the new business line focused on the production of proprietary seed and grain genetics. Capitalizing on this opportunity places us in an extremely favorable market position, considering that the exclusive varieties of grains and other agricultural seeds to be produced here will be tailored to the specific climate and market conditions of Romania. By collaborating with the farmers in our portfolio, we aim to offer solutions that will provide them with better crops than those seen in recent years, when drought affected vast areas of land. Additionally, the relation we have with agricultural producers will allow us to make the necessary adjustments to maximize their yields. With the same goal in mind, in the coming months, we will invest in the modernization of the existing equipment at the platform, so that seeds and grains can be processed using specific technologies, bringing them to the quality parameters imposed by international standards," stated Florin Radu, CEO of Agroland Agribusiness.
The platform acquired by Agroland Agribusiness is located on a plot of land covering 8,257 square meters and includes grain storage facilities, a seed conditioning station (for grains, sunflowers, corn, as well as other types of seeds), and warehouses for fertilizers and pesticides, with a total area of over 3,000 square meters.
The conditioning station marks a new step in the company's product offering development and will operate as a specialized unit for preparing, drying, sorting, and treating seeds and grains, as well as for packaging and storing them for sale to be used in establishing new crops. The production obtained will be marketed by Agroland Agribusiness on the domestic market.
Agroland Agribusiness shares are listed on the AeRO market of the Bucharest Stock Exchange as of June 15, 2021, and are traded under the AAB symbol.
Agroland Agribusiness is a Romanian entrepreneurial company specializing in selling inputs for agriculture. The company is currently active in the southern part of the country, namely in the counties of Dolj, Olt, Mehedinti, Arges, Teleorman, Valcea, Gorj, Dambovita, Ilfov, Ialomita, Giurgiu, Calarasi, Tulcea, Braila and Constanta. The main agricultural inputs sold by Agroland Agribusiness are fertilizers, pesticides, seeds, and fuels. Thus, the company trades the entire set of inputs needed by farmers. On a secondary level, Agroland Agribusiness is also involved in grain trading. It purchases grain from farmers and sells it to large traders who operate only in fixed points or ports and operates as a supplier to farmers through its inputs and as a potential buyer of farmers' crops.
