Svarog West Group directs $ 3.5 million for innovative projects

Svarog West Group directs $ 3.5 million for innovative projects

27.04.2016 News

Svarog West Group directs $ 3.5 million for innovative projects

“Svarog West Group” will direct $ 3.5 million for innovative projects in 2016. That was said by the chairman of the Corporation Andrey Gordiychuk in an interview to the AgroPolit.com. According to him, the investment “appetite” of the company significantly decreased in 2016.

“But this does not apply to investments in research and development: ours are IT-solutions, decisions  in plant engineering, engineering-technical decisions. Here is, on the contrary, the process is launched, we focus attention on creating a “smart” agriculture. And it’s not just for the “Svarog West Group”company. The deeper we dive into this innovation, the more the possibilities and versatility we see for using in general for the economy, – said Andrey Gordiychuk.

He believes that such solutions can be multiplied for any form of management in the agricultural sector in Ukraine.

“Together with our partners we develop A3Tech project: investments will amount to about $ 1.5 million in new development. In our  Smart Farming (LifeAG) project we will invest $ 2 million, and in 3 years we plan to invest in it $ 5 million. The development in crop production (GENETIC PLANT CELLS) “Svarog West Group” will receive about $ 500 thousand this year. That is, overall investments  in innovative projects in 2016 will be amounted to $ 3.5 million”, – stressed the head of the corporation.

The “Svarog West Group” Corporation is the most efficient and technologically advanced agricultural company in Ukraine in the sphere of crop research. Today, the Corporation operates in three regions – Khmelnytskyi, Chernivtsi and Zhytomyr.

Source: latifundist.com

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