Left Menu
Development News Edition

European Investment Bank provides €200million loan to KWS SAAT for R&D

KWS uses cutting-edge plant breeding and seed production methods to maximise yields and improve the resilience of plants to diseases, pests and abiotic stresses, such as extreme weather caused by climate change.

EIB | Updated: 29-06-2020 16:12 IST | Created: 29-06-2020 16:12 IST
European Investment Bank provides €200million loan to KWS SAAT for R&D
The funds provided by the EU bank are to be used by KWS for research and development in the EU. Image Credit: Flickr

The European Investment Bank (EIB) is providing a €200 million loan to KWS SAAT SE & Co. KGaA, a leading international seed producer based in Germany. KWS uses cutting-edge plant breeding and seed production methods to maximise yields and improve the resilience of plants to diseases, pests and abiotic stresses, such as extreme weather caused by climate change. It has one of the broadest seed portfolios in the industry, comprising 11 of the 13 most important crops, including maize, sugar beet, wheat, rye, rapeseed and vegetables.

The funds provided by the EU bank are to be used by KWS for research and development in the EU. Like KWS, the EIB hopes that these funds will make a valuable contribution to the objectives of the European Green Deal and in particular the Farm to Fork strategy developed by the European Commission.

The EIB Vice-President responsible for innovation and for operations in Germany, Ambroise Fayolle, said: "Innovation in new seed varieties is vitally important if we want to ensure agricultural productivity under changing agro-climatic conditions. The only way we will be able to select plants that can withstand changing abiotic and biotic stresses and use nutrients and water from the soil more efficiently is through targeted research. The development of improved, not genetically modified varieties of agricultural crops helps reduce the use of pesticides and fertilisers and significantly contributes to sustainable agriculture. As the EU Climate Bank, we are strongly committed to financing mitigation, adaptation and many other relevant climate-related projects. I therefore very much welcome this partnership with KWS to promote the production of new seed varieties for the European market."

KWS's CFO Eva Kienle added: "We are delighted with the European Investment Bank's strong commitment to innovation and climate action in agriculture. A major joint effort is required to respond to the challenges of climate change and climate action in agriculture. As a leading plant breeding company, we invest around €200 million a year in research and development to provide farmers with continuously innovative seed varieties. The attractive conditions of the EIB loan will help us optimise our financing structure even further."


TRENDING

OPINION / BLOG / INTERVIEW

Pandemic must be impetus, not obstacle, for clean water access

To make matters worse, there are suspicions that the inadequacy of wastewater treatment methods in California, the rest of the USA, and indeed around the world may help to propagate the disease even more widely. ...

3D printing and the future of manufacturing post COVID-19

The on-demand, customizable, and localized manufacturing of product components facilitated by 3D printing has the potential to redefine manufacturing but there are certain technical, mechanical, and legal limitations that, unless ...

How UK’s 'best prepared' healthcare system failed to gauge COVID-19

The UK is proud of their public health system and its unlike any other country as around 90 percent of British public supports the founding principles of National Health Service. But without accurate data being available to stakeholders in ...

Poor on IHR capacity progress in 2019, WHO says Cambodia tops COVID-19 response

Despite being in proximity to Hubei, the original epicenter of COVID-19 pandemic, Cambodia has reported just 226 confirmed cases and zero deaths. After seeing the data, WHO appreciated Cambodias healthcare information system but experts dou...

Videos

Latest News

Willie Banks donates world record singlet and bib number to Heritage Collection

World Athletics Council Member Willie Banks has donated the singlet and bib number to the Heritage Collection which he wore in 1985 while setting a triple jump world record. Banks, competing at the US Championships in Indianapolis, bounded ...

Masks in class? Many questions as Germans go back to school

Masks during class, masks only in the halls, no masks at all. Distance when possible, no distance within same-grade groups, no distance at all. As Germanys 16 states start sending millions of children back to school in the middle of the glo...

1,404 new COVID-19 cases, 16 deaths reported in Delhi: Health Minister

As many as 1,404 new COVID-19 cases, 16 deaths and 1,130 recoveries were reported in Delhi on Saturday, Delhi Health Minister Satyendar Jain said on Sunday. The total number of COVID-19 cases in the national capital now stands at 1,44,127, ...

'Kisan Rail' scheme to benefit farmers: PM Modi

Prime Minister Narendra Modi on Sunday said that the Kisan Rail scheme will benefit farmers of the entire country as they would be able to sell their produce in urban areas. The Prime Minister stated that Indias first Kisan rail has started...

Give Feedback