Brief: Industrial Milk Company updates on strategic goals for 2016-2020

Imc SA

16/02/2016 09:39

Feb 16 (Reuters) - Industrial Milk Company SA  IMC.WA : 
    * Said on Monday that it updated its main strategic goals 
for years 2016 to 2020 
    * Said maintains the land bank expansion strategy for 
2016-2020 under which it intends to increase land bank from 
136.7 thousand hectares in 2016 year to 206.7 thousand hectares 
in 2020 
    * The plans include growth of land bank to 156.7 thousand 
hectares in 2017 and 176.7 thousand hectares in 2019 
    * Said that it has sufficient grain storage capacities in 
line with land bank expansion strategy till 2020 
    * Does not plan to increase grain storage capacities but 
plans to reconstruct some of silos with the aim to improve their 
efficiency and replacement of existing flat storage capacities 
with modern storage bins 
    * Said  intends to keep focus on growing of limited number 
of highly profitable export-oriented crops which are optimal for 
effective crop rotation and suitable for land and climate 
specifics (corn, wheat, soybean, sunflower) 
    * Plans to maintain corn as the main crop with the share in 
crop mix about 50 percent  
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM1524387 
     
 Further company coverage:  IMC.WA   
    
 
 
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