Business news from Ukraine


10 November , 2017  

KYIV. Nov 10 (Interfax-Ukraine) – HarvEast Holding on November 8, 2017 decided to create new division HarvEast Irrigation Seeds for operational reasons.
“The need to create a new separate structural unit is connected with focusing HarvEast Holding’s efforts on development of the irrigation system, as well as large-scale plans for seed production,” Director General of HarvEast Holding Dmytro Skorniakov told Interfax-Ukraine.
The main tasks of the new division are to expand the areas under irrigation, efficient management of irrigated areas, launch of a new seed plant, development of seed production in irrigated land areas and cooperation in hybridization with foreign companies.
Vadym Mischuk, who previously held a different operational position in the company, has been appointed Head of HarvEast Irrigation Seeds.
“The creation of a separate cluster HarvEast Irrigation Seeds will help the agricultural holding to achieve maximum results in these directions within the optimal time frames,” Skorniakov said.
As reported, HarvEast Holding is building a seed plant with a capacity of 10 tonnes per hour. The plant will post-processing of seeds of leguminous and grain crops. Earlier the company had a seed plant, but it lost control over the enterprise due to hostilities in eastern Ukraine.
In 2017, HarvEast signed a cooperation agreement with Maisadour, the seed company.
Maisadour would provide parent sunflower lines for planting seeds to HarvEast. Then Maisadour will assign the number to the batch and process the seeds at own plant in Dnipropetrovsk region and then the seeds will be returned to HarvEast.
In 2017, the agroholding installed irrigation systems on 400 ha and in 2018 plans to install them on 700 more ha.