OREANDA-NEWS. October 21, 2008. The governor Sergey Morozov pointed out important role of SAHO in regional economy in his presentation at the expanded visiting session of Agribusiness Committee of the Government of Russian Federation which took place on October 8, 2008 with participation of Victor Zubkov, the First deputy of the Chairman of the Government of Russia and Aleksey Gordeev, the Minister of Agriculture of Russian Federation. Pavel Skurikhin, the chairman of the board of directors of SAHO, also took part in the session.

According to Sergey Morozov, agriculture is an important industry of the economy of Ulyanovsk region and nowadays is giving already 11 % of gross regional product. Regional authorities count on large federal-scale investors implementing their large-scale projects and capable to contribute to the development of regional agribusiness. The governor considers SAHO one of such investors.

It is worth reminding that since 2007 SAHO has been setting up vertically integrated subsidiary agricultural holding in Ulyanovsk region. The key goal of the investment project “SAHO-Agro-Ulyanovsk” is to start cultivating again neglected fields which will enable to bake bread at its own enterprises and sell this bread in the region at such prices which will be reasonable for all social groups. Investment cost of the project is 960 million roubles and the project implementation period is 3 years.

At the moment agricultural lands of “SAHO-Agro-Ulyanovsk” are located in 11 districts of Ulyanovsk region, the number of employees exceeds 250 people, about 350 jobs are planned to be created in 2009. Ulyanovsk agricultural holding of SAHO is equipped with modern highly productive machinery and has its own elevator capacities. The first results of work of “SAHO-Agro-Ulyanovsk” can be noticed at the fields of the region this year. The enterprise carried out harvesting at more than 24 000 ha. Plan of winter sowing at 38 500 ha is being implemented. Already in the first year of cultivating fallow lands yield totaled to 26 centners per ha.