Trans-Oil Group of Companies (the “Company” and its predecessor, Trans Oil Ltd.) was originally founded by Mr. James Kelly in Fort Wayne, Indiana in the 1950s.  The Company started its grain and agro trading activities in the Black Sea region in 1996. Mr. James Kelley, together with Mr. Vaja Jhashi, a US Citizen and then VP of the Company, launched the agro business activities in the Republic of Moldova and Ukraine.

 

Since the beginning, The Company has been a leader in origination and trading of grains and oilseeds in the black sea region. Over the years, the Company has developed an impressive global network of clients, specifically focusing in regions of Europe, Southern Mediterranean, Turkey, and North/West Africa which still constitute the Company’s main sales destinations today.

 

In the 2000’s, the Company began to transition from a small successful trading house to a vertically integrated corporation owning storage facilities, crushing plants, port terminals and operating its own farming division. In order to achieve this, the Group has managed to constantly grow and expand its operations.

 

In 2004, the Company moved its financial headquarters to Geneva, Switzerland. All of the assets of the Company were consolidated in a new Swiss entity. Trans Oil International SA became the Group’s Swiss trading branch and handled all overseas operations. Trans Oil International SA quickly became a leader in the international agro commodities market; trading grains originating not only from the Republic of Moldova but from all parts of the Black Sea region including Ukraine, Russia and Kazakhstan. Also, importantly, during this period, the Group began to develop strong and lasting relationships with the leading Swiss Banking and Commodity Finance Institutions, as well as multinational grain traders.

 

In 2009, the Company began to develop crucial infrastructure in the Republic of Moldova. Considering Moldova was landlocked (no direct access to vessel loading ports), the Group decided to bring the local infrastructure to a new level by pioneering the construction of Moldova’s first grain loading terminal in Giurjulesti International Free Port. The facility is located on the Danube River in southern Moldova. This initiative was viewed not only as necessary to the Company from a trading standpoint, but also as significantly beneficial to Moldova’s overall economic well-being. Thanks to the successful completion this facility serves as the main platform for Moldovan grains and vegetable oils to access the international markets.

In 2010, the Group launched a Greenfield project to construct a multipurpose oilseed crushing and extraction plant in Southern Moldova, capable of crushing up to 400 mt of sunflower seeds per day.  Support for this project came from major international finance organizations and Western governments.

 

In 2011 the Group acquired its biggest competitor, the Moldovan operations of WJ Group. The acquisition included a crushing plant with refining and bottling divisions located in Balti, Moldova. The plant is able to crush 1,000 mt of sunflower seeds per day. In addition to the crushing plant, the Group also acquired five storage silos and 84 collection points throughout the country.

 

In 2014 the group successfully upgraded the press/preparation division of the Balti crushing plant. This enabled the factory to increase the crushing capacity by 200 mt of sunflower seeds per day and also led to substantial energy savings. The new crushing capacity also revealed the necessity to upgrade the extraction division. The main objective for building a new extraction section is to match the press division capacity and to obtain the following benefits:

 

–              Efficiency will further increase as less resources will be spent per each produced unit

–              Emissions and pollution will significantly decrease due to improved efficiency and new technology

–              The Group will obtain available/spare resources as a result of increased efficiency

 

Also in 2014, together with the press division upgrade, the Group installed a new biomass high-pressure, steam boiler which replaced the existing units which had used natural gas. The new boiler is capable of servicing crushing activities and electricity production simultaneously. Besides cost savings, the new boiler contributes to the reduction of emissions which is important to the Group’s strategy to protect the environment.

 

The Group commenced the new extraction project in 2015 and plans to launch the new division in 2017 using top-notch solvent extraction equipment manufactured by Europa Crown Limited.

 

In 2016, The GROUP announced the expansion of its grain export terminal in Giurgiulesti International Free Port. As a result, the Group is able to load more than 1,000 tons of grains per hour onto maritime vessels or river barges. This is the fastest loading rate of any grain terminal in the region. The expansion project consisted of the construction of an additional berth on the Danube, the erection of a silo with a storage capacity of 12,000 tons and a brand new deep water jetty. The expanded facility has a total grain storage capacity of 70,000 tons and increased the transshipment capacity from 500,000 tons to 1,250,000 tons per annum, which is equivalent to about 75% of the Republic of Moldova’s annual grain exports.