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HomePosts Tagged "UPL" (Page 3)
Company News, People

Mike served as Executive Vice President and CEO, Nutrien Ag Solutions.

UPL, a leader in global food systems and sustainable agriculture technologies, has announced that it is appointing Mike Frank as President and Chief Operating Officer UPL Crop Protection. Mike brings deep industry knowledge and extraordinary ‘end-to-end’ expertise, gleaned from his years at Monsanto and most recently at Nutrien, where he served as Executive Vice President and CEO, Nutrien Ag Solutions.

Jai Shroff, Group CEO of UPL, said, “Agriculture is one of the only systems on the planet that has the ability to reshape and reverse the effects of climate change. Mike’s global perspective, entrepreneurial style and hands-on approach, coupled with a deep understanding of global food security challenges and driving passion for environmental and economic sustainability, makes him an excellent cultural fit to take UPL to the next level.”

Mike Frank said, “I’m very impressed with UPL’s leadership in sustainability and the OpenAg ‘Reimagining Sustainability’ platform, which takes a unique approach at bringing together the various stakeholders in the food and agriculture ecosystem, focusing on helping farmers, advancing new and more sustainable technologies and feeding a growing planet. It’s an honour to join this dynamic team.”

UPL Group is re-imagining sustainability across the breadth of its operations, powered by its OpenAg purpose to create sustainable growth for all.

Mike served as Executive Vice President and

Finance, Seeds

UPL’s agreement with Sinagro will strengthen grain orientation strategy in Brazil

UPL and other shareholders in Sinagro Produtos Agropecuarios, Brazil, have announced an agreement in which Bunge will acquire a 33 per cent stake in Sinagro to strengthen its grain orientation strategy in Brazil.

Sinagro is a major reseller of grains and agricultural products with a significant presence in Brazil’s ‘Cerrado’ savanna region. Bunge is one of the world leaders in sourcing, processing, and supplying oilseed and grain products and ingredients. The deal announced today is subject to approval by Brazil’s antitrust body, Conselho Administrativo de Defesa Econômica (‘CADE’).

Sinagro was one of the first signatory companies to join Bunge’s “Sustainable Partnership” a groundbreaking initiative, launched in 2021, whereby Bunge helps grain resellers set up socio-environmental assessment systems for suppliers – including satellite monitoring – at the farm level. Program participants can adopt independent geospatial imaging services or use Bunge’s structure at no cost.

UPL's agreement with Sinagro will strengthen grain

Finance

The first tranche of $750M was raised in March and April 2021.

UPL Limited a global leader of crop protection products and sustainable agricultural solutions has announced, has raised a second tranche of $700 million sustainability linked loan (SLL) on December 31, 2021, with a reduction of interest cost by 35bps and an opportunity for a further reduction of 5bps on achievement of sustainability indicators agreed with the banks.

The first tranche of $750 million was raised in March and April 2021. Of the $1.45 billion, the debt maturity for $1.25 billion gets extended by two years to FY 2026 (against FY2024 earlier).

In 2021, the company was ranked as the highest performing top tier, global crop protection company amongst its peers by Sustainalytics for the second year running. UPL also recorded strong performances in the most recent Dow Jones Sustainability Index (61 per cent improvement on 2018 score) and FTSE Russell (68 per cent higher than industry average).

UPL is on a mission to re-imagine sustainability across everything it does – developing and distributing solutions that secure our future whilst safeguarding the environment.

The first tranche of $750M was raised