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Harvesting Continues

Wednesday 30 July, 2008

Landkom Intl Plc

Harvesting Continues

RNS Number : 1559A
Landkom International Plc
30 July 2008
 



 

 

 

 

LANDKOM INTERNATIONAL PLC

 

 

Harvesting Continues

 

 

Landkom International PLC (AIMLKI, 'Landkom' or the 'Company'), the Ukrainian producer of high-value oil seed rape (OSR) and wheat, can confirm that the severe storms and flooding referred to in recent media reports have occurred to the south of its operations in the Carpathian Mountains.

 

These floods have not adversely impacted Landkom's operations and the harvesting continues.

 

30 July 2008

 

 

For further information:

 

College Hill  

Simon Whitehead/Adrian Duffield                 Tel: +44 (0) 20 7457 2020

 

 

 

Note to Editors

 

Landkom International PLC is a large scale producer of agricultural feedstock, principally oil seed rape and wheat, for supply to the European biodiesel and food industries. 

 

Operating in Western Ukraine in the prime, fertile lands close to the border with Poland, Landkom has secured a land bank in excess of 100,000 hectares (as at June 2008) and has completed the plantation of its first commercial crop of over 14,000 hectares. Landkom has a target to increase the land bank in Ukraine to at least 350,000 hectares by 2011.

 

Landkom is implementing Western-style agronomy practices using modern agricultural equipment to carry out efficient, large-scale farming techniques that will result in greater return from the land, increase levels of employment in the region and support further investment into the local economy. 


30 July 2008


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LKI Current:    8.75p
52wk Minimum:    5.12p
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Market Value:    Â£38.1 million
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