A Ukrainian agricultural holding will invest $15M into its modernization and plans to increase its agricultural land by 20%.

Agroholding TAS Agro plans to invest $15M in the modernization of outdated equipment, the introduction of moisture-saving technologies, and the abandonment of inefficient soil plowing, said the head of the company, Oleg Zapletniuk.

In 2023, TAS Agro doubled its turnover to ₴2.6B and earned a profit of ₴156M. TAS Agro achieved this after a ₴85M loss the year before. Prior to the war, the company’s business model was based on growing raw materials and delivering them to Ukrainian ports for sale to Ukrainian and international traders. However, the war prompted the agricultural holding to sell products directly to the final consumer. In addition, in 2022, the company conducted a test processing of a batch of raw materials.

TAS Agro’s plan for the next three to four years is to increase its land bank by 20% and create a vertically integrated business that covers all aspects of production, processing, and sale of agricultural products.