Symbolic capsule is buried
AB Akola Group has started construction of a new seed preparation factory in Iecava, Latvia. The project, which involves an investment of EUR 9.5 million, aims to shorten the distance between the seeds needed and the farmer and to strengthen the company’s position in the Baltic region. The factory will be operated by the Group’s seed production company Dotnuva Seeds.
The 4,600 square metre production facility is expected to produce around 30,000 tons of seeds per year. The Dotnuva Baltic seed factory in Dotnuva, which is currently owned by the company, produces around 27,000 tons of seeds per year.
“The new seed factory will enable us to be closer to our customers, to reach Latvian and Estonian farmers more quickly and efficiently, and to reduce the time and cost of seed delivery. This is a significant day in the company’s history, marking our growth and development. We aim for the new factory not only to strengthen our competitive advantage in the Baltic States, but also to make a significant contribution to the development of the agricultural sector in the region.”
Jonas Bakšys, the Member of the Management Board of AB Akola Group,
CEO of Dotnuva Seeds
According to J. Bakšys, the new factory in Iecava will not only increase the production capacity of Akola Group, but will also ensure the supply of certified seeds needed by farmers.
“We see great potential for the production of certified seeds. Seed breeding offers many advantages for each farm: the varieties selected are adapted to local climatic conditions, are resistant to diseases specific to the region, which leads to higher yields. We strive to be not only a supplier but also a trusted partner, helping farmers to produce high quality produce and higher yields. Through innovation and the latest breeding discoveries, we are constantly looking for ways to increase efficiency and value for our customers.”
J.Bakšys, the Member of the Management Board of AB Akola Group
The new seed factory in Latvia is expected to be operational in summer next year.