TAS Agro Pivden LLC has begun planting winter wheat, with 9,800 hectares set aside for it this year, the company reported on Facebook.
“After thorough soil preparation, in accordance with the farm’s chosen technology, we have begun sowing one of the main crops for the upcoming harvest,” the company said in a post on Friday.
The company noted that crop development, winter hardiness, and future yield potential will depend on the quality of execution at each stage of preparation.
The “TAS Agro” agricultural holding is part of the “TAS” Group, founded in 1998. The group’s business interests span the financial (banking and insurance segments) and pharmaceutical sectors, as well as manufacturing, real estate, and venture capital projects.
Serhiy Tihipko is the founder of “TAS” and the beneficial owner of the “TAS Agro” agricultural holding.
Financial-industrial group TAS plans to invest at least $30-40 million in the development of its own production and land bank in 2024, TAS Group founder Serhiy Tigipko said in an interview with Forbes-Ukraine on Wednesday.
“So far we are looking at what gives synergy. This is our own production, primarily in Ukraine. But we are watching the market, if any interesting enterprises will appear. We are definitely ready to invest in agriculture – in the land bank, first of all. This is a strategy for us,” he said.
Tigipko added that he is looking out for investments in processing, which the group has not yet engaged in. “Where exactly we will go, we do not know yet to the end,” – said the founder of the group “TAS”.
The businessman also said that among the plans for 2024 is to increase the production of apple concentrate.
“We want to increase the export volume of apple concentrate. We plan to invest in one of the two plants, and if everything succeeds, to double production,” Tigipko added.
At the same time, according to the founder of TAS Group, logistics currently “eats up” a large share of funds. He noted that his own logistics company mitigates the situation, but the issue of logistics remains complicated, so the group is studying the possibility of acquiring a European transportation company.
“We are considering buying a European transportation company. This will allow to link the supply chain for the client – both in Ukraine and the EU,” he said.
Financial and industrial group “TAS” was founded in 1998 by businessman Serhiy Tihipko. Its business interests include the financial sector (banking and insurance segments) and pharmacy sector, as well as industry, real estate and venture projects.
