OREANDA-NEWS. October 24, 2011. HarvEast agricultural holding has harvested its late grain crops and yielded 98,000 tonnes of late grains.

In particular, the Holding gathered 80,000 tonnes of sunflower and 18,000 tonnes of corn.

Earlier, HarvEast reaped 330,000 tonnes of early grains.

Overall, 2011 brought HarvEast Holding 428,000 tonnes of grain crops.

HarvEast Holding is an agricultural holding, which owns and manages assets in Donetsk, Zaporozhye, Zhytomir Oblasts and Crimea. Major areas of activity of the Holding 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. The process of transferring the assets to the Holding is to complete in autumn 2011. The overall bank of farmland makes around 220,000 ha; number of livestock – 30,000 head of cattle. The first public presentation of the Holding's strategy is planned for mid 2012.

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