IMC announced plans for upcoming years
15 May 2020
After posting its financial results for 2019, the Ukraine-based agroholding IMC S.A. shared its production and investment plans for the nearest future. In particular, the company will invest $4.4 million in renewing its machinery park, and $0.5 million in renovation of its grain elevators in 2020. Also, IMC wants to reduce its debt from $47 million as of late 2019 to $35 million until late 2020. At the same time, extension of IMC’s farmland area is not expected until 2024. Until mid-2021, IMC will present its development strategy for the next years.