MK Group, in the year when it celebrates its 40th anniversary, announced new investments in the development of its divisions operating in the agricultural and food sector.
“MK Group will invest 350 million euros in agriculture alone in the next three years, which confirms that the company remains consistent with its beginnings and recognizes and believes in the potential of domestic agriculture,” said Miloš Mijović, director of the MK Farming division, at the Grow Up conference on the panel on supply chains and export opportunities.
Participating in the two-day regional agribusiness conference that was held in Kopaonik, Mijović also referred to digitization in the field of agriculture, pointing out that it is recognized as a sector with high potential for further improvements through new technologies.
“Constant investment in soil mapping, variable seeding and fertilizing, application of precision mechanization and robotics, as well as production standardization, have resulted in the MK Farming division producing a total of 250,000 tons of arable and vegetable crops annually. Also, we are investing significant funds in increasing the areas under irrigation systems, and at the moment 70 percent of the land we cultivate is under these systems,” says Mijović.
Investments and the application of innovations have led to a 40% increase in profitability for the last two years, said the director of the MK Farming division and pointed out that the achieved quality and efficiency of production also enable a significant placement on foreign markets, in a total of 25 countries on 3 continents.