The agricultural holding was formed in 1993 out of a soviet era collective farm "kolkhoz imeni Schorsa" by Tetyana Zasukha who was elected as a chair of the board in 1993 in place of her husband Anatoliy Zasukha who held this post from 1985. The collective farm was formed in 1950 out of three other collective farms. In 2000 the farm was privatized. In 2013 the Anti-Monopoly Committee of Ukraine allowed Agrofirm Svitanok to expand taking over several other companies.[2]
The firm owns at least three grain elevators[3] and several sugar factories "Salivonkovsky"[4] and "Chervonsky Tsukrovyk".[5][6]
The agrofirm expresses its social responsibility policies through social and infrastructure projects in and around its headquarter town. One of the prominent social projets is the creation in 2012 and further sponsorship of the football club FC Kolos Kovalivka.[7] Founded in 2012, the club made it into the Ukrainian Premiere League seven years later, in the season of 2019/2020. In the season of 2022/2023 Kolos has finished at 8th position.[8] As foe 2023, the club consists of three teams: men's team, women's team and U-19 team (young players under 19 years old).
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