Bayer Opens $35 Million Maize Seed Facility to Combat Food Insecurity in Zambia
Bayer AG has opened a $35 million maize seed facility in Kabwe, Zambia, aiming to triple its production capacity by 2025. The facility is expected to create 80 permanent and over 100 seasonal jobs, while generating around 15,000 seasonal positions. This investment addresses food insecurity in Sub-Saharan Africa and aligns with Bayer’s goal to double its crop science division by 2030.
Bayer AG, a leading German pharmaceutical and crop science company, has inaugurated a $35 million maize seed production facility in Kabwe, Zambia. This investment will enhance the company’s production capacity, aiming to triple the current output by 2025. The anticipated increase in seed output is expected to aid local farmers and contribute to food security in the region.
The newly established facility is projected to create approximately 80 permanent jobs alongside over 100 seasonal positions. Additionally, an estimated 15,000 seasonal jobs will be generated through field operations and partnerships with local contract growers. By investing in this infrastructure, Bayer seeks to directly address food insecurity challenges in Sub-Saharan Africa.
Bill Anderson, the CEO of Bayer, highlighted the company’s commitment to combating food insecurity, stating, “With our new seed facility in Zambia, we want to make a meaningful contribution to that crucial goal.” This initiative aims to improve access to quality seeds while addressing existing agronomic and technological gaps.
Debra Mallowah, head of Bayer’s crop science division in Africa, noted that “Enhanced productivity increases food security while also making a difference for the livelihoods of smallholder farmers.” Bayer’s strategic focus on African seed production aligns with expectations of market growth, as the company plans to double its crop science division by 2030, with an additional investment of $38 million set for expanding its seed production network in the region by 2028.
Operating in 80 countries with over 93,000 employees worldwide, Bayer AG continues to make significant investments globally, including recent projects in Mexico, Spain, and China, as part of its overarching commitment to enhancing agricultural productivity and sustainability.
Bayer AG’s new maize seed facility in Zambia represents a substantial investment aimed at tripling production capacity by 2025, while simultaneously addressing food insecurity in Sub-Saharan Africa. The initiative will create numerous job opportunities and improve access to high-quality seeds for local farmers, reinforcing the company’s mission to enhance agricultural productivity and the livelihoods of smallholders. Bayer’s future plans to further invest in the African agricultural market exemplify its commitment to addressing global food security challenges.
Original Source: www.investmentmonitor.ai
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