Sumitomo Corporation acquires Romanian agricultural inputs distributor Naturevo
General

Sumitomo Corporation acquires Romanian agricultural inputs distributor Naturevo

There is growing demand for stable, efficient agricultural production dependent on agricultural material supplies including agrochemicals

  • By ICN Bureau | June 22, 2024

Sumitomo Corporation has acquired Naturevo S.R.L., a Romanian distributor of agricultural inputs, via Alcedo S.R.L., a wholly owned indirectly consolidated subsidiary also engaged in the distribution of agricultural inputs in Romania.

As the global population increases, sustainable food supply has become an important issue. There is growing demand for stable, efficient agricultural production dependent on agricultural material supplies including agrochemicals, seeds and fertilizers, as well as guidance for farmers on proper farm management. Meanwhile, amid concerns over the environmental burden caused by increased crop production, the European Commission's Farm to Fork Strategy has set targets for reducing the use of pesticides and chemical fertilizers, calling for the establishment of a sustainable agricultural and food system with minimal environmental impact.

Naturevo is a distributor of agricultural inputs established in 1999 in Romania, one of the top agricultural countries in Europe, with approximately 1,500 farmers throughout the country.

Register Now to Attend Navigating the Path to Net-zero in the Chemicals Industry on Friday, 26 July 2024

Other Related stories

Startups

Chemical

Petrochemical

Energy

Digitization