Business news from Ukraine

Business news from Ukraine

TAS Agro has begun wheat harvesting — first 600 hectares have been harvested

The TAS Agro agricultural holding has begun harvesting early grains from winter wheat in the Southern cluster and has already threshed about 600 hectares, the agricultural holding’s press service reported on Facebook.

TAS Agro specified that the harvest started at the optimal time and that grain yields are fully in line with standards.

“This year, we will make maximum use of our own equipment, which has been updated in recent years. However, we will not refuse to lease combines for economic reasons. In total, we plan to use 75 units of grain harvesting equipment during the harvest. This is more than last year, as the area under early grain crops has increased, particularly in the Southern cluster. Almost all of our own grain transshipment equipment will also be used,” said Oleg Zapletnyuk, CEO of TAS Agro.

According to him, in parallel with the harvesting campaign, the agricultural holding is working on organizing logistics and sales of the harvested crop. Storage facilities and some elevators have already been certified to the international standard ISO 22000:2018.

For the 2025 harvest, TAS Agro has sown 22,000 hectares of winter wheat, 14,000 hectares of winter rapeseed, 16,000 hectares of sunflower, 15,000 hectares of soybeans, and 7,000 hectares of corn.

Soon, in the Southern cluster, parallel to the wheat harvest, the rapeseed harvest will begin. Over the next few weeks, the harvest will spread to other clusters, the agricultural holding concluded.

TAS Agro was established in 2014. Its land bank includes 88,000 hectares in the Chernihiv, Sumy, Kyiv, Vinnytsia, Kirovohrad, and Mykolaiv regions. It specializes in crop production, and the agricultural holding’s elevator capacity is about 250,000 tons. The livestock business is represented by a herd of 5,500 head of cattle, of which 2,500 are dairy cattle.

The agricultural holding is part of the TAS group, founded in 1998.

Its business interests include the financial sector (banking and insurance segments) and pharmacies, as well as industry, real estate, and venture projects.

The founder of TAS and beneficiary of the TAS Agro agricultural holding is Serhiy Tihipko.

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TAS Agro abandons beet and reduces corn

Agroholding TAS Agro has completed its spring sowing campaign for 2025, during which it sowed about 40,000 hectares with spring crops, the company’s press service reported on Facebook.

According to the agricultural holding, 16,000 hectares of the production area are allocated to sunflowers, 15,000 hectares to soybeans, 7,000 hectares to corn, and 160 hectares to industrial hemp. The company noted that this year it reduced corn sowing, abandoned sugar beet cultivation, but began growing industrial hemp on a trial basis.

“The 2025 sowing season is significantly different from previous ones, primarily due to abnormal weather conditions and constant air raid alerts, which hampered the work of machinery. Snow cover in April and frosts in the first ten days of May slowed down the sowing campaign somewhat, but we adjusted the work of the production units and managed to complete it on time. This year’s sowing season has shown that we have chosen the right strategy of renewing our technical fleet and involving our own staff, who worked cohesively and responsibly despite all the above-mentioned difficulties. In particular, on some days we managed to sow 2.3 thousand hectares per productive day,” said Oleg Zapletnyuk, CEO of TAS Agro LLC.

He added that the agricultural holding has already received high-quality spring crops and is focused on protecting them from diseases and pests. Personnel not involved in current work are preparing for the harvest, which, according to preliminary forecasts, will start in a month.

TAS Agro was established in 2014. Its land bank includes 88,000 hectares in the Chernihiv, Sumy, Kyiv, Vinnytsia, Kirovohrad, and Mykolaiv regions. It specializes in crop production, with the agricultural holding’s elevator capacity amounting to about 250,000 tons. The livestock business is represented by a herd of 5,500 head of cattle, of which 2,500 are dairy cattle.

The agricultural holding is part of the TAS group, founded in 1998. Its business interests include the financial sector (banking and insurance segments) and pharmacies, as well as industry, real estate, and venture projects.

The founder of TAS and beneficiary of the TAS Agro agricultural holding is Serhiy Tihipko.

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“TAS Agro” has started spring sowing campaign and is focusing on sunflower

TAS Agro’s southern cluster (Kirovohrad, Vinnytsia and Mykolaiv regions) has started the spring sowing campaign, with a focus on sunflower, which will be planted on 2764 hectares, the company’s press service reported on Facebook.

“The production units are fully provided with seeds, fertilizers, plant protection products, and fuel and lubricants. Modern technological complexes are used in sowing, which increase the accuracy of sowing and increase productivity,” said Andriy Zvarych, director of TAS Agro South LLC.

Meanwhile, preparations for the sowing season are underway in the central, northern and western clusters of TAS Agro. In particular, TAS Agro’s northern cluster in Chernihiv region is currently preparing machinery for the upcoming spring field work. TAS Agro West is completing the pre-sowing soil preparation stage, which involves closing off moisture on an area of 13.5 thousand hectares.

In addition, TAS Agro Center continues to provide comprehensive crop care and conducts regular fertilization of winter wheat using UAN-32 mixed with ammonium thiosulfate.

TAS Agro was established in 2014. Its land bank includes 88 thousand hectares in Chernihiv, Sumy, Kyiv, Vinnytsia, Kirovohrad and Mykolaiv regions. The holding specializes in crop production, with elevators with a capacity of about 250 thousand tons. The livestock business is represented by a cattle herd of 5.5 thousand heads, of which 2.5 thousand heads are dairy cattle.

According to the Opendatabot resource, the company’s revenue in 2023 amounted to UAH 2.588 billion, net profit – UAH 155.842 million, debt – UAH 1.2 billion, assets were estimated at UAH 1.8653 billion, and the number of employees – 129. The authorized capital is UAH 8 thousand.

The agricultural holding is part of the TAS group, founded in 1998. Its business interests include the financial sector (banking and insurance segments) and pharmacy, as well as industry, real estate, and venture capital projects.

The founder of TAS and the beneficiary of the TAS Agro agricultural holding is Sergiy Tigipko.

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“TAS Agro” increased its Net Profit to $22 mln in 2024

In 2024, TAS Agro agricultural holding achieved financial results of more than $22 million in Net Profit, the company’s CEO Oleg Zapletnyuk said on his Facebook page.

According to him, in 2024, the agricultural holding radically changed its production technology by diversifying its crops by moisture zones and introducing the Strip-Till system with a complete rejection of plowing. In addition, the agricultural holding standardized key processes.

The CEO of TAS Agro recalled that in 2024, $15 million was invested in the renewal of the technical fleet, which made it possible to completely abandon the use of hired equipment (except for combines). This decision made it possible to optimize the number of employees from 1878 to 1540, while the average income increased by 44%.

The agroholding has formed development strategies for the company and its departments for 3 years, implemented a production management system, launched an R&D service, created a service department, started systematically developing livestock and elevator business, and stabilized the land bank.

Mr. Zapletnyuk thanked the team members and partners of the agricultural holding and promised that 2025 would continue to be a year of active changes.

TAS Agro was established in 2014. Its land bank includes 88 thousand hectares in Chernihiv, Sumy, Kyiv, Vinnytsia, Kirovohrad and Mykolaiv regions. The holding specializes in crop production, with elevators with a capacity of about 250 thousand tons. The livestock business is represented by a cattle herd of 5.5 thousand heads, of which 2.5 thousand heads are dairy cattle.

According to the Opendatabot resource, the company’s revenue in 2023 amounted to UAH 2.588 billion, net profit – UAH 155.842 million, debt – UAH 1.2 billion, assets were estimated at UAH 1.8653 billion, and the number of employees – 129. The authorized capital is UAH 8 thousand.

The agricultural holding is part of the TAS group, founded in 1998. Its business interests include the financial sector (banking and insurance segments) and pharmacy, as well as industry, real estate, and venture capital projects.

The founder of TAS and the beneficiary of the TAS Agro agricultural holding is Sergiy Tigipko.

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TAS Agro plans to end 2024 season with profit of over $18 mln

TAS Agro agricultural holding intends to finish the 2024 season with a net profit of more than $18 million, the company’s CEO Oleg Zapletnyuk said in an interview with Forbes Ukraine.

Answering the question why TAS Agro cut its revenue three times to UAH 739 million in nine months and incurred more than UAH 70 million in losses, compared to UAH 150 million in profit last year, Zapletnyuk explained that the drop was due to a change in sales strategy.

“By the end of September 2023, the agricultural holding had sold 70% of the products it produced in 2022. This year, as of November, only 30% of the production has been sold. (…) The sale of the remaining stock will adjust the financial result. (…) The financial result will be positive and much better than last year. Last year, crop production ended the season on the verge of profitability, this year we plan to achieve more than $320 EBITDA per hectare,” said the CEO of TAS Agro.

TAS Agro was established in 2014. Its land bank includes 88 thousand hectares in Chernihiv, Sumy, Kyiv, Vinnytsia, Kirovohrad and Mykolaiv regions. The holding specializes in crop production, with elevators with a capacity of about 250 thousand tons. The livestock business is represented by a cattle herd of 5.5 thousand heads, of which 2.5 thousand heads are dairy cattle.

According to the Opendatabot resource, the company’s revenue in 2023 amounted to UAH 2.588 billion, net profit – UAH 155.842 million, debt – UAH 1.2 billion, assets were estimated at UAH 1.8653 billion, and the number of employees – 129. The authorized capital is UAH 8 thousand.

The agricultural holding is part of the TAS group, which was founded in 1998. Its business interests include the financial sector (banking and insurance segments) and pharmacy, as well as industry, real estate, and venture capital projects.

The founder of TAS and the beneficiary of TAS Agro is Sergiy Tigipko.

TAS Agro plans to acquire 100% of shares in seed plant in Chernihiv region

TAS Agro Agro Agro Holding has announced its intention to acquire the seed plant of Dmytrivske Grain Processing Enterprise (Chernihiv region).
According to the information disclosure system of the National Securities and Stock Market Commission, as of November 12, 2024, TAS Agro LLC did not own ordinary registered shares of Dmitrievske Grain Processing Enterprise PJSC and had no affiliates.
The report specifies that TAS Agro LLC intends to purchase 135,440 ordinary registered shares, which is 100% of the company’s authorized capital.
As reported, the founder of the TAS Group of Companies (GC), Sergiy Tigipko, announced new business directions for the group: the purchase of a seed plant and an elevator with a storage capacity of 40 thousand tons, the construction of an apple processing plant and a railcar building plant.
Dmytrivske Grain Processing Enterprise was established in 2003, and its core business is warehousing, with a focus on growing grain crops, seed production, wholesale of grain, seeds and animal feed, and trucking.
According to Opendatabot, the company’s revenue in 2023 amounted to UAH 24.66 million, net profit – UAH 1.497 million, debt – UAH 53.458 million, assets were estimated at UAH 75.4 million, and the number of employees – 40. The authorized capital is UAH 13.544 million. Its beneficiaries in equal shares (50:50) are Vitaliy and Oleg Malysh.
TAS Agro was established in 2014. Its land bank includes 88 thousand hectares in Chernihiv, Sumy, Kyiv, Vinnytsia, Kirovohrad and Mykolaiv regions. The holding specializes in crop production, with elevators with a capacity of about 250 thousand tons. The livestock business is represented by a cattle herd of 5.5 thousand heads, of which 2.5 thousand heads are dairy cattle.
According to the Opendatabot resource, the company’s revenue in 2023 amounted to UAH 2.588 billion, net profit – UAH 155.842 million, debt – UAH 1.2 billion, assets were estimated at UAH 1.8653 billion, and the number of employees – 129. The authorized capital is UAH 8 thousand.
The agricultural holding is part of the TAS group, which was founded in 1998. Its business interests include the financial sector (banking and insurance segments) and pharmacy, as well as industry, real estate, and venture capital projects.
The founder of TAS and the beneficiary of TAS Agro is Sergiy Tigipko.