Business news from Ukraine

HARVEAST AND MAISADOUR LAUNCH PROJECT FOR MAIZE PRODUCTION IN UKRAINE

23 February , 2018  

HarvEast agroholding this year will allocate 50 hectares of its areas for the cultivation of hybrid maize, provided by Maisadour seed company, director general of the holding Dmytro Skorniakov has said.
“Of all the irrigated areas, one-third is allocated for sunflower, 150 hectares for hybrid maize, of which 50 hectares for Maisadour. The rest of the irrigated areas are for hybridization of rapeseeds, wheat, beans,” he said during the signing of agreements on cooperation with Maisadour in Kyiv.
The companies also reported on the agreement on cooperation under the license contract after two years of negotiations. This agreement will allow HarvEast to grow its own hybrids on the genetic basis of the French company. HarvEast is an agricultural holding. Its core business is crop production (growing wheat, sunflower, barley, perennial grasses, and corn) and dairy farming. HarvEast Holding was established on March 10, 2011 on the basis of the agricultural assets of Mariupol-based PJSC Illich steel mill (Donetsk region). The shareholders of HarvEast are System Capital Management and Smart-Holding.