German chemical and pharmaceutical company Bayer has launched its Monsanto seed plant in the village of Pochuiky (Zhytomyr region) on Sept. 5.
In a Facebook post, Poroshenko said that $200 million of investment funds were attracted for the construction of the plant.
“This is more evidence that Ukraine is an attractive country for international investment,” he wrote.
“Today [on September 5] in Zhytomyr region, a new modern plant for the production of seeds of Bayer agricultural products was opened. These are 85 permanent and 220 seasonal jobs for Ukrainians. It is important that Bayer helps to solve social issues of the local community – supports the school and library, financed the construction of a new road and an outpatient clinic.”
Bayer is an international company specializing in life sciences, namely, health and agriculture. The company has been operating in Ukraine since 1992 as Bayer LLC and is a major supplier of seeds, pesticides, herbicides and fungicides in Ukraine. It aquired American agricultural giant Monsanto in May 2018.
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