OREANDA-NEWS. November 15, 2011. HarvEast Agricultural Holding has finished autumn sowing of cereals for yield 2012.

The plants were sown on 96,000 hectares. In particular, the Holding sowed 82,000 hectares of winter wheat, around 8,000 hectares of winter barley and over 1,000 hectares of winter rye and triticale.

Mineral and organic fertilizers were applied onto the soil during the sowing.

Profile:

HarvEast Holding is an agricultural holding, which owns and manages assets in Donetsk, Zaporozhye, Cherkassy, Zhytomir Oblasts and the Crimea. The Holding's major areas of focus include: crop raising (wheat, sunflower, barley, permanent grasses and corn) and dairy farming.

HarvEast Holding was established on 10 March 2011 and evolved from the assets of Ilyich Steel Plant (Mariupol, Donetsk Oblast, Ukraine). The process of transferring the assets to the Holding will be over in autumn 2011. The overall bank of farmland will make around 220,000 hectares and total livestock will exceed 30,000 heads. The first public presentation of the Holding's strategy is expected in the middle of 2012.

The shareholders of HarvEast Holding are the SCM Group and Smart Holding.