Carriage-building enterprise Dneprovagonmash JSC (DVM) plans to sell up to 100 railcars for export to Europe, businessman Serhiy Tihipko said.
“Today we produce 80 railcars per month for the domestic market, but we have already started to make and for export… The European market is 8-9 thousand railcars per year, we have set a goal of 100 railcars per month to sell there. In money, the average car is about EUR100 thousand,” he said during the forum ‘Money for Victory’ organized by Forbes Ukraine.
According to him, Austrian metallurgical company voestalpine provides lighter and stronger metal for construction of railcars, which is a competitive advantage in the European market.
In turn, the group will invest in the modernization of the plant (metal work, welding, painting) and staff training.
As reported, in early 2023, TAS Group became a strategic investor in TransAnt GmbH, a wagon-building JV of Austrian voestalpine and ÖBB Rail Cargo, with a 40% stake, and in spring 2024 became a majority shareholder of TransAnt, increasing its stake to 61%.
In October 2023, as part of an innovative project with Austrian partners, Dneprovagonmash, a member of the TAS group, shipped the first lightweight modular freight cars (MultiBOX) for operation on EU railroads, and by the end of the year it already had a full line of platform freight cars for the EU market.
According to information in TAS Dneprovagonmash’s financial statement for 2023, this year it plans to invest UAH 100.2 million in the development of the European direction, in particular for the purchase of equipment.
The company in 2023 produced 378 freight cars (including for the EU market), which is 34.8% less than in 2022, sales decreased by 40.6% to 370 units.
Net income from sales of railcars and other products decreased by 2.8% to UAH 1 bln 77 mln, net profit increased insignificantly to UAH 49.2 mln.
TAS Group was founded in 1998 by businessman Tigipko. Its business interests cover the financial sector (banking and insurance segments) and pharmacy sector, as well as industry, real estate, and venture projects.
Carriage-building enterprise Dneprovagonmash JSC (DVM) plans to sell up to 100 railcars for export to Europe, businessman Serhiy Tihipko said.
“Today we produce 80 railcars per month for the domestic market, but we have already started to make and for export… The European market is 8-9 thousand railcars per year, we have set a goal of 100 railcars per month to sell there. In money, the average car is about EUR100 thousand,” he said during the forum ‘Money for Victory’ organized by Forbes Ukraine.
According to him, Austrian metallurgical company voestalpine provides lighter and stronger metal for construction of railcars, which is a competitive advantage in the European market.
In turn, the group will invest in the modernization of the plant (metal work, welding, painting) and staff training.
As reported, in early 2023, TAS Group became a strategic investor in TransAnt GmbH, a wagon-building JV of Austrian voestalpine and ÖBB Rail Cargo, with a 40% stake, and in spring 2024 became a majority shareholder of TransAnt, increasing its stake to 61%.
In October 2023, as part of an innovative project with Austrian partners, Dneprovagonmash, a member of the TAS group, shipped the first lightweight modular freight cars (MultiBOX) for operation on EU railroads, and by the end of the year it already had a full line of platform freight cars for the EU market.
According to information in TAS Dneprovagonmash’s financial statement for 2023, this year it plans to invest UAH 100.2 million in the development of the European direction, in particular for the purchase of equipment.
The company in 2023 produced 378 freight cars (including for the EU market), which is 34.8% less than in 2022, sales decreased by 40.6% to 370 units.
Net income from sales of railcars and other products decreased by 2.8% to UAH 1 bln 77 mln, net profit increased insignificantly to UAH 49.2 mln.
TAS Group was founded in 1998 by businessman Tigipko. Its business interests cover the financial sector (banking and insurance segments) and pharmacy sector, as well as industry, real estate, and venture projects.
The founder of mobile izibank Anna Tihipko-Baikovska has joined the supervisory board of Dniprovagonmash (DVM, Kamenskoye, Dnipropetrovsk Region), which is controlled by her father, businessman Serhiy Tihipko, a financial and industrial group TAS.
According to the publication of the company in the information disclosure system of the National Commission on Securities and Stock Market (NSCM), the relevant information from the shareholder T.A.S. OVERSEAS INVESTMENT LIMITED (owns 99.9988% of share capital) on the replacement of his representative in the Supervisory Board from December 16 DVM received on Thursday.
According to the shareholder’s report, this terminated the authority of Sergei Mandra, who had been a member of the DVM JSC’s supervisory board since April 2013.
According to DVM, Tigipko-Baykovska currently holds the position of director of business development at izibank and deputy director for control of strategic assets at TAS Asset Management LLC, previously she was an advisor at TAScombank JSC. She does not own any shares of DVM JSC.
“Dneprovagonmash is one of Ukraine’s leading companies in the design and manufacture of freight cars.
In January-September 2022, it earned UAH 6.15 mln in net profit compared to a UAH 97.7 mln loss for the same period in 2021, and its net income increased 2.2 times, to UAH 849.86 mln.
The board of directors of DVM has four members and has been chaired by Serhiy Tihipko since 2005.
izibank is a fintech project created jointly with the TAS Group and launched in beta mode in the fall of 2020.
TAS Group was founded in 1998. Its business interests cover the financial sector (banking and insurance segments), industry, real estate, and venture projects.
War and the decline of the domestic market force the Ukrainian business to pay maximum attention to expanding exports and entering foreign markets, TAS Group founder Serhiy Tihipko said.
“Now we are starting to create a project as a monobank in Poland – it is a unique product,” he said at the Kiev International Economic Forum (KIEF) in Kiev on Thursday.
Tigipko recalled that currently monobank has 6.5 million customers and a significant part of them abroad.
The businessman said that before the war he did not pay enough attention to the development of export opportunities. “Those businesses that I had focused on the domestic market are a problem,” he described the current situation.
At the same time, Tigipko said that in war conditions it is possible to increase exports, in particular, the group’s wagon building companies have signed two contracts for Europe, one – a startup for the construction of innovative cars.
According to him, apple concentrate, metalware and nails have good prospects.
The businessman also noted the importance of diversification. “We have both industrial and financial (sectors), and agriculture – diversification has worked. I believed in it and I believe in it now,” he stressed.
Tihipko also complained that before the war, he did not pay enough attention to the reserves in case of crises. According to him, if there were more of them, now he could make more profitable deals, but he already bought 49% in one of the companies from one of the partners, and before that he bought a share from another partner because “people are rushing around”.
TAS Group was founded in 1998. The sphere of its business interests covers the financial sector (banking and insurance segments), industry, real estate, venture projects.
Businessman Sergiy Tigipko, whose assets include PrJSC Dneprometiz, intends to acquire Nail LLC (Khmelnytsky), a large Ukrainian plant for production of nails and various fasteners, a market source told Interfax-Ukraine.
According to the source, in the near future the relevant documents for approval of the purchase will be submitted to the Antimonopoly Committee of Ukraine.
TAS Group has not yet commented on this information to Interfax-Ukraine.
Tigipko’s TAS Group includes assets in the financial and agricultural sectors, real estate, venture projects and an industrial group.
Nail LLC, according to information on its website, was founded in 1994 as a manufacturer of nails. In 2018, it merged with Avismetiz LLC. In addition to traditional construction, carpentry and roofing nails, the company produces special types of nails – in reels and loose, which are used in production of wooden containers and pallets, as well as various means of fastening: self-tapping screws, screws, confirmations, bolts, nuts, washers, threaded rods, anchors , drills, etc. The main office and production facilities of the company are located in Khmelnytsky.
The Antimonopoly Committee of Ukraine (AMC) is considering the issue of permits to Devisal Limited (Nicosia, Cyprus), owned by Ukrainian businessman Sergiy Tigipko, to buy shares in Wesla Investments Limited (the British Virgin Islands).
According to the AMC’s agenda, the deal will provide Devisal Limited with over 50% of the voting shares on the board of Wesla Investments.
According to the unified state register, Wesla Investments Limited is the only participant with a 100% share in the charter capital of Veon Plus LLC (Kyiv), which is the owner of Radisson Blu Hotel in Podil. The ultimate beneficiary of the company as of October 3 is Moldovan citizen Victor Garaba.
Until June 2016, according to the state register, the ultimate beneficiary of Veon Plus LLC was Russian citizen Sergey Kovalev.
As reported, with reference to the CMS legal group, the transaction for the purchase of Radisson Blu Hotel in Podil by Sergiy Tigipko was completed in 2016, its cost amounted to EUR 9.2 million.
