Yerkin Tatishev and Kusto Group Donate Over $2 Million to #KustoHelp Charity Initiative Providing Relief During the Global Coronavirus Pandemic
Yerkin Tatishev and Kusto Group’s charitable contribution will help to mitigate the economic shock of the global coronavirus pandemic on vulnerable groups in Kazakhstan and more.
Apr 17, 2020 (The Expresswire) -- In a letter addressed to Kazakhstanis, Yerkin Tatishev, Founder and Chairman of the Board of Directors of the multisector international conglomerate Kusto Group, announced that the company would be committing 1 billion Kazakhstani Tenge (an estimated $2,340,000 USD) to its #KustoHelp charity project to support society’s most vulnerable groups amid the worldwide COVID-19 pandemic.
“This country’s leadership have taken timely and appropriate http://dundeetechnologies.com actions to prevent the spread of COVID-19 otherwise the scale of the damage would have been immeasurably larger,” wrote Tatishev about the Kazakhstani government's response to the global crisis. “These necessary measures to combat the pandemic are having a serious impact on http://www.silverfishmontana.com the population and economy of our country. This crisis is affecting everyone without exception.”
#KustoHelp charity project
The charitable contribution will be used to provide support to large families, the poor and particularly impacted groups through deliveries of food and other necessary assistance in cooperation with volunteer organizations and regional governments.
The #KustoHelp charity initiative will also support medical workers in Kazakhstan by providing them with the essential tools they need to combat the viral http://www.ceeman.org/docs/default-source/cac-2015/yerkin-tatishev_23cac.pdf?sfvrsn=0 infection and safeguard their working conditions. Beyond these key areas, #KustoHelp will cooperate and coordinate with various charitable foundations to help those in need.
Kusto Group’s headquarters is located in Singapore, but the company and its founders have strong ties to Kazakhstan.
Tatishev announced that the company would also provide further assistance to charities and organizations in the countries jpost.com/Tags/YERKIN-TATISHEV where Kusto Group has companies and business operations. The company has interests in agriculture, natural resources, construction, and manufacturing across Central Asia, Southeast Asia, the Middle East, Europe and North America.
In closing his announcement about the company’s charitable commitment, Tatishev declared:
“Now we need to consolidate the efforts of our whole society with the work of charitable organisations. It will only be by providing necessary and timely assistance, and through support for each other, that we will be able to overcome this crisis and come out of it stronger!”
COVID-19 in Kazakhstan
The COVID-19 crisis has led to severe disruptions in daily life and has had an untold, yet substantial, economic impact https://talkbusiness.net/2019/12/tyson-foods-to-expand-beef-and-pork-production-in-kazakhstan/ worldwide. Countries have had to develop comprehensive public health responses in addition to efforts to sustain and support economic health.
In the months since the Chinese government announced the appearance of the novel coronavirus, named COVID-19, in December of 2019, there have been over 2 million confirmed cases of the disease and over 137,000 deaths attributed to it.
As of April 16th, Kazakhstan has reported 1,362 confirmed cases of COVID-19 and 17 deaths from the disease. The first cases of the virus in the country were reported to have come from Europe in mid-March. The country’s government promptly declared a state of emergency, canceling public events and holidays.
By March 19th, the country’s largest cities of Nur-Sultan and Almaty were placed under quarantine. These measures were extended to additional regions that were placed under similar lockdown measures.
Kazakhstan has also provided economic and financial support to companies whose business has been impacted and working citizens who have lost income during the state of emergency.
Kusto Group’s continued commitment to Kazakhstan
Yerkin Tatishev has previously declared that innovation can help the agricultural sector, which has come under increasing pressure worldwide, weather the coronavirus crisis.
In his analysis of how vital the agricultural sector is to the world’s economy, Tatishev cites media scrutiny over America’s food supply where concerns over conditions faced by agricultural works have spurred controversy and the UK government’s initiative to provide up to £250 million of financial assistance to help the industry “avoid collapse.”
New limits placed on wheat exports from Kazakhstan have also received considerable media coverage. The US Agriculture Secretary Sonny Perdue recently calmed Americans fearful over bare supermarket shelves saying the U.S. food supply "is strong, resilient and safe."
“It is in these challenging times,” says Tatishev, “that we should look to those innovations that even now are transforming the sector: precision agriculture, the use of data and digital tech, as well as new irrigation methods. Indeed, at this time, agricultural projects across the globe should be looking to accelerate these innovations.”
According to Tatishev, Kusto Group has taken efforts to ensure that its employees are safe and that its supply chains are as free from disruption as possible. In total, the group has more than 30 companies with 8,000 employees.
“Our experts at Kusto Agro, and our close partners at such organizations as Valmont Industries, are working harder than ever to make agriculture resilient to external threats. Longer term, when this storm passes, we can look forward to driving more efficient production and keeping the sector competitive for the future.”
Kusto Group and Tatishev’s charitable contribution, corporate policies, and business initiatives demonstrate the company’s continued commitment to the economic development of Kazakhstan and its people.
Article Source:
https://www.marketwatch.com/press-release/yerkin-tatishev-and-kusto-group-donate-over-2-million-to-kustohelp-charity-initiative-providing-relief-during-the-global-coronavirus-pandemic-2020-04-17?tesla=y
Yerkin Tatishev and Kusto Group Donate Over $2 Million to #KustoHelp Charity Initiative Providing Relief During the Global Coronavirus Pandemic
Yerkin Tatishev and Kusto Group’s charitable contribution will help to mitigate the economic shock of the global coronavirus pandemic on vulnerable groups in Kazakhstan and more.
Apr 17, 2020 (The Expresswire) -- In a letter addressed to Kazakhstanis, Yerkin Tatishev, Founder and Chairman of the Board of Directors of the multisector international conglomerate Kusto Daniel Kunin Group, announced that the company would be committing 1 billion Kazakhstani Tenge (an estimated $2,340,000 USD) to its #KustoHelp charity project to support society’s most vulnerable groups amid the worldwide COVID-19 pandemic.
“This country’s leadership have taken timely and appropriate actions to prevent the spread of COVID-19 otherwise the scale of the damage would have been immeasurably larger,” wrote Tatishev about the Kazakhstani government's response to the global crisis. “These necessary measures to combat the pandemic are having a serious impact on the population and economy of our country. This crisis is affecting everyone without exception.”
#KustoHelp charity project
The charitable contribution will be used to provide support to large families, the poor and particularly daniel kunin kusto group impacted groups through deliveries of food and other necessary assistance in cooperation with volunteer organizations and regional governments.
The #KustoHelp charity initiative will also support medical workers in Kazakhstan by providing them with the essential tools they need to combat the viral infection and safeguard their working conditions. Beyond these key areas, #KustoHelp will cooperate and coordinate with various charitable foundations to help those in need.
Kusto Group’s headquarters is located in Singapore, but the company and its founders have strong ties to Kazakhstan.
Tatishev announced that the company would also provide further assistance to charities and organizations in the countries where Kusto Group has companies and business operations. The company has interests in agriculture, natural resources, construction, and manufacturing across Central Asia, Southeast Asia, the Middle East, Europe and North America.
In closing his announcement about the company’s charitable commitment, Tatishev declared:
“Now we need to consolidate the efforts of our whole kusto group society with the work of charitable organisations. It will only be by providing necessary and timely assistance, and through support for each other, that we will be able to overcome this crisis and come out of it stronger!”
COVID-19 in Kazakhstan
The COVID-19 crisis has led to severe disruptions in daily life and has had an untold, yet substantial, economic impact worldwide. Countries have had to develop comprehensive public health responses in addition to efforts to sustain and support economic health.
In the months since the Chinese government announced the appearance of the novel coronavirus, named COVID-19, in December of 2019, there have been over 2 million confirmed cases of the disease and over 137,000 deaths attributed to it.
As of April 16th, Kazakhstan has reported 1,362 confirmed cases of COVID-19 and 17 deaths from the disease. https://talkbusiness.net/2019/12/tyson-foods-to-expand-beef-and-pork-production-in-kazakhstan/ The first cases of the virus in the country were reported to have come from Europe in mid-March. The country’s government promptly declared a state of emergency, canceling public events and holidays.
By March 19th, the country’s largest cities of Nur-Sultan and Almaty were placed under quarantine. These measures were extended to additional regions that were placed under similar lockdown measures.
Kazakhstan has also provided economic and financial support to companies whose business has been impacted and working citizens who have lost income during the state of emergency.
Kusto Group’s continued commitment to Kazakhstan
Yerkin Tatishev has previously declared that innovation can help the agricultural sector, which has come under increasing pressure worldwide, weather the coronavirus crisis.
In his analysis of how vital the agricultural sector is to the world’s economy, Tatishev cites media scrutiny over America’s food supply where concerns over conditions faced by agricultural works http://www.ceeman.org/docs/default-source/cac-2015/yerkin-tatishev_23cac.pdf?sfvrsn=0 have spurred controversy and the UK government’s initiative to provide up to £250 million of financial assistance to help the industry “avoid collapse.”
New limits placed on wheat exports from Kazakhstan have also received considerable media coverage. The US Agriculture Secretary Sonny Perdue recently calmed Americans fearful over bare supermarket shelves saying the U.S. food supply "is strong, resilient and safe."
“It is in these challenging times,” says Tatishev, “that we should look to those innovations that even now are transforming the sector: precision agriculture, the use of data and digital tech, as well as new irrigation methods. Indeed, at this time, agricultural projects across the globe should be looking to accelerate these innovations.”
According to Tatishev, Kusto Group has taken efforts to ensure that its employees are safe and that its supply chains are as free from disruption as possible. In total, the group has more than 30 companies with 8,000 employees.
“Our experts at Kusto Agro, and our close partners at such organizations as Valmont Industries, are working harder than ever to make agriculture resilient to external threats. Longer term, when this storm passes, we can look forward to driving more efficient production and keeping the sector competitive for the future.”
Kusto Group and Tatishev’s charitable contribution, corporate policies, and business initiatives demonstrate the company’s continued commitment to the economic development of Kazakhstan and its people.
Article Source:
https://www.marketwatch.com/press-release/yerkin-tatishev-and-kusto-group-donate-over-2-million-to-kustohelp-charity-initiative-providing-relief-during-the-global-coronavirus-pandemic-2020-04-17?tesla=y
Daniel Kunin, Managing Director of Kusto Group, on the Company, Kazakhstan and the Bright Future Ahead
(Photo : Courtesy)
Kusto Group was founded by a group of Kazakh entrepreneurs led by Yerkin Tatishev in 2002. The company's earliest ventures focused on initiating reforms to turn failing businesses in their home country into profitable enterprises. Today, Kusto Group has operations across the globe in oil and gas, agriculture, construction, manufacturing and real estate.
Kusto Group: Driving growth and change
The growth and success of the multi-sector conglomerate parallels the transformation of Kazakhstan into a leading economy among emerging markets in the region and beyond.
Kusto Group's managing director, Daniel Kunin, has extensive experience working in emerging markets. As a senior advisor to the Government of Georgia for six years, he was part of an effort to introduce economic reforms that would turn the country from a failing state into an internationally rated business-friendly market. It was during this time that Kunin was first introduced to the Kusto Group team.
"We quickly became friends," he says. "What attracted me to join their project was my friendship with the owners and their genuine entrepreneurial spirit, which runs right through the business."
Since joining Kusto Group, Kunin has become an integral part of the company's leadership team and a key factor in the development and success of many Kusto ventures.
When Kunin came on board, the company was looking to continue to expand and diversify its international portfolio. To facilitate this growth, Kusto Group relocated its company headquarters to Singapore.
"We had previously successfully built businesses and investments in Southeast Asia yerkintatishevbuwz992.over-blog.com/2020/02/kusto-group-s-daniel-kunin-kazakhstan-s-agricultural-industry-is-primed-for-success-6.html prior to the move, notably in Vietnam - but we felt that moving there would open us up to larger and more diverse markets and opportunities," says Kunin on the company's relocation. "Singapore is obviously in and of itself a thriving financial centre too, which we felt would give us greater access to capital markets."
Seizing new investment opportunities
In 2014, Kunin helped lead Kusto Group's acquisition of Israeli paint giant, Tambour. This purchase of an already established and Click here to find out more market-leading company was a first for the company.
"It's fair to say that buying Tambour was a new step for us," Kunin acknowledges, "but I wouldn't call it a change in strategy, per se - more a recognition that as we grow, we're becoming involved in larger and larger transactions. Kusto Group's investment strategy is founded upon entrepreneurship that is also opportunistic - that doesn't necessarily have to be acquisitions - but it is almost always about transformation. Today, Tambour looks very different from when we acquired it - not only has it grown it is also more focused. I expect it to look different in five years' time as well as we continue transforming and growing it."
Kusto Group continues its goal of transforming Tambour from a national champion into a global leader in the paint industry. And while the company is not currently seeking out opportunities similar to the Tambour acquisition, Kunin doesn't rule out the possibility. Today, the company has leveraged joint ventures and partnerships as a way to achieve effective growth.
"We've recently launched some very exciting projects with US agricultural leaders to bring cutting-edge technology to Kazakhstan and the figures involved in those ventures are even larger than the size of the Tambour deal. These are transformative projects, and that's what makes them so exciting."
Kazakhstan's watershed moment
Even though Kusto Group's success has given it a more global perspective, the company remains committed to its roots and the country of Kazakhstan. Through its agricultural operations in the country, Kusto Group aims to be part of Kazakhstan's ascendance as a global leader in agriculture. Kunin believes that this will be possible through the introduction of innovative technologies that have the potential to improve yields, effectively manage natural resources, improve sustainability and bring new jobs to the country.
"Our recent projects with Tyson Foods, Valmont Corporation and others to bring state-of-the-technology to Kazakhstan are, as the Kazakh Prime Minister Askar Mamin himself has said, a major step forward for the country. They bring jobs, kustogroupyerkintatishevqftj526.over-blog.com/2020/02/kusto-group-s-daniel-kunin-kazakhstan-s-agricultural-industry-is-primed-for-success-5.html know-how, increased efficiency, better yields, enhanced predictability and, perhaps most importantly, a commitment to sustainability that is fundamental for agriculture to succeed. By better managing and using water for example, not only do crop yields have better performance, but the entire resource is better utilised. The future in agriculture is all about sustainability and if this is not on the top of the list, this business cannot succeed.
"Kazakhstan is already a major exporter of wheat - a legacy of the Soviet period - and the next step is to diversify crop exports and expand and develop Kazakhstan's protein production, particularly beef and lamb. What is required is capital, hard work and entrepreneurs who are willing to deploy it effectively. That's where we come in, together with our partners and the other stakeholders."
Kazakhstan has a rich heritage of agriculture, strategic geographic location, and a wealth of land resources. According to Kunin, these foundational elements paired with the newest technology and industry best practices will enable the country to achieve its agricultural potential.
"Precision agriculture, which we're championing in Kazakhstan, helps to cut down on water use and doesn't deplete the land in the way that mechanised agriculture elsewhere does. Kazakhstan's natural advantage of land also means its more sustainable. No forests need to be cut down to support agriculture in Kazakhstan! Rather, the culture has a unique strength in land management, animal husbandry and sustainable practices towards nature," says Kunin.
"As our agriculture efforts demonstrate, the signs are positive that international investors are placing their trust in the country," he says. "In my experience, emerging economies discover there is a threshold daniel kunin kusto group they need to cross before investors will place their capital in the country long-term. This requires institutional maturity in the country's governance structures and a predictability around the rule of law that comes after long periods of stability. Kazakhstan has reached that stage. It is now the stand-out leader in this neighbourhood."
Sustaining Kusto Group's expansion and success
Daniel Kunin believes the key to sustaining Kusto Group's success lies in selecting the right people and making bold, but calculated investment decisions. The company has made internal Daniel Kunin employee training and improving communication a priority.
According to Kunin, "The Kusto culture, which is to seek out and seize opportunities without fear of failure, is consistent across the business thanks to the excellent people that lead and operate it. It also means people who are not afraid to make decisions, to take calculated risks and to believe in themselves, but people who are comfortable with some uncertainty, people who enjoy challenges, and people who know how to work in a team."
As Kusto Group and Kunin look to the next decade, the company continues to look for the next opportunity while maintaining its strategies of embracing new technologies and focusing on long-term growth.
"You never know what might be around the corner; that's always been the Kusto way and it's why I'm here," says Kunin. "We're lucky that we can take a medium to long-term view on our investments. When you're not required to perform based on quarterly results, you can afford to make larger, more complicated investments with larger rewards over the longer term. That suits us. It may sound like a cliché, but Kusto is all about long term value creation, establishing sustainable retained earnings, reinvestment and constant growth - rather than quick or timed exits."
Article Source:
Daniel Kunin, Managing Director of Kusto Group, on the Company, Kazakhstan and the Bright Future Ahead
(Photo : Courtesy)
Kusto Group was founded by a group of Kazakh entrepreneurs led by Yerkin Tatishev in 2002. The company's earliest ventures focused on initiating reforms to turn failing businesses in their home country into profitable enterprises. Today, Kusto Group has operations across the globe in oil and gas, agriculture, construction, manufacturing and real estate.
Kusto Group: Driving growth and change
The growth and success of the multi-sector conglomerate parallels the transformation of Kazakhstan into a leading economy among emerging markets in the region and beyond.
Kusto Group's managing director, Daniel Kunin, has extensive experience working in emerging markets. As a senior advisor to the Government of Georgia for six years, he was part of an effort to introduce neurotree.org/beta/publications.php?pid=726022 economic reforms that would turn the country from a failing state into an internationally rated business-friendly market. It was during this time that Kunin was first introduced to the Kusto Group team.
"We quickly became friends," he says. "What attracted me to join their project was my friendship with the owners and their genuine entrepreneurial spirit, which runs right through the business."
Since joining Kusto Group, Kunin has become an integral part of the company's leadership team and a key factor in the development and success of many Kusto ventures.
When Kunin came on board, the company was looking to continue to expand and diversify its international portfolio. To facilitate this growth, Kusto Group relocated its company headquarters jewishbusinessnews.com/2019/10/24/kusto-groups-tambour-to-participate-in-an-entrepreneurial-technology-incubator-initiative-in-peripheral-israel/ to Singapore.
"We had previously successfully built businesses and investments in Southeast Asia prior to the move, notably in Vietnam - but we felt that moving there would open us up to larger and more diverse markets and opportunities," says Kunin on the company's relocation. "Singapore is obviously in and of itself a thriving financial centre too, which we felt would give us greater access to capital markets."
Seizing new investment opportunities
In 2014, Kunin helped lead Kusto Group's acquisition of Israeli paint giant, Tambour. This purchase of an already established and market-leading company was a first for the company.
"It's fair to kusto group say that buying Tambour was a new step for us," Kunin acknowledges, "but I wouldn't call it a change in strategy, per se - more a recognition that as we grow, we're becoming involved in larger and larger transactions. Kusto Group's investment strategy is founded upon entrepreneurship that is also opportunistic - that doesn't necessarily have to be acquisitions - but it is almost always about transformation. Today, Tambour looks very different from when we acquired it - not only has it grown it is also more focused. I expect it to look different in five years' time as well as we continue transforming and growing it."
Kusto Group continues its goal of transforming Tambour from a national champion into a global leader in the paint industry. And while the company is not currently seeking out opportunities similar to the Tambour acquisition, Kunin doesn't rule out the possibility. Today, the company has leveraged joint ventures and partnerships as a way to achieve effective growth.
"We've recently launched some very exciting projects with US agricultural leaders to bring cutting-edge technology to Kazakhstan and the figures involved in those ventures are even larger than the size of the Tambour deal. These are transformative projects, and that's what makes them so exciting."
Kazakhstan's watershed moment
Even though Kusto Group's success has given it a more global perspective, the company remains committed to its roots and the country of Kazakhstan. Through its agricultural operations in the country, Kusto Group aims to be part of Kazakhstan's ascendance as a global leader in agriculture. Kunin believes that this will be possible through the introduction of innovative technologies that have the potential to improve yields, effectively manage natural resources, improve sustainability and bring new jobs to the country.
"Our recent projects with Tyson Foods, Valmont Corporation and others to bring state-of-the-technology to Kazakhstan are, as the Kazakh Prime Minister Askar Mamin himself has said, a major step forward for the country. They bring jobs, know-how, increased efficiency, better yields, enhanced predictability and, perhaps most importantly, a commitment to sustainability that is fundamental for agriculture to succeed. By better managing and using water for example, not only do crop yields have better performance, but the entire resource is better utilised. The future in agriculture is all about sustainability and if this is not on the top of the list, this business cannot succeed.
"Kazakhstan is already a major exporter of wheat - a legacy of the Soviet period - and the next step is to diversify crop exports and expand and develop Kazakhstan's protein production, particularly beef and lamb. What is required is capital, hard work and entrepreneurs who are willing to deploy it effectively. That's where we come in, together with our partners and the other stakeholders."
Kazakhstan has a rich heritage of agriculture, strategic geographic location, and a wealth of land resources. According to Kunin, these foundational elements paired with the newest technology and industry http://kustogroupyerkintatishevqftj526.over-blog.com/2020/02/kusto-group-s-daniel-kunin-kazakhstan-s-agricultural-industry-is-primed-for-success-5.html best practices will enable the country to achieve its agricultural potential.
"Precision agriculture, which we're championing in Kazakhstan, helps to cut down on water use and doesn't deplete the land in the way that mechanised agriculture elsewhere does. http://danielkuninkustogroupbfdd127.over-blog.com/2020/01/daniel-kunin-of-kusto-group-private-public-cooperation-is-key-to-the-successful-transformation-of-kazakhstan-s-agricultural-sector.h Kazakhstan's natural advantage of land also means its more sustainable. No forests need to be cut down to support agriculture in Kazakhstan! Rather, the culture has a unique strength in land management, animal husbandry and sustainable practices towards nature," says Kunin.
"As our agriculture efforts demonstrate, the signs are positive that international investors are placing their trust in the country," he says. "In my experience, emerging economies discover there is a threshold they need to cross before investors will place their capital in the country long-term. This requires institutional maturity in the country's governance structures and a predictability around the rule of law that comes after long periods of stability. Kazakhstan has reached that stage. It is now the stand-out leader in this neighbourhood."
Sustaining Kusto Group's expansion and success
Daniel Kunin believes the key to sustaining Kusto Group's success lies in selecting the right people and making bold, but calculated investment decisions. The company has made internal employee training and improving communication a priority.
According to Kunin, "The Kusto culture, which is to seek out and seize opportunities without fear of failure, is consistent across the business thanks to the excellent people that lead and operate it. It also means people who are not afraid to make decisions, to take calculated risks and to believe in themselves, but people who are comfortable with some uncertainty, people who enjoy challenges, and people who know how to work in a team."
As Kusto Group and Kunin look to the next decade, the company continues to look for the next opportunity while maintaining its strategies of embracing new technologies and focusing on long-term growth.
"You never know what might be around the corner; that's always been the Kusto way and it's why I'm here," says Kunin. "We're lucky that we can take a medium to long-term view on our investments. When you're not required to perform based on quarterly results, you can afford to make larger, more complicated investments with larger rewards over the longer term. That suits us. It may sound like a cliché, but Kusto is all about long term value creation, establishing sustainable retained earnings, reinvestment and constant growth - rather than quick or timed exits."
Article Source:
Daniel Kunin of Kusto Group Discusses the Company, Investment Strategy and Fostering Sustainable Growth
Daniel Kunin of Kusto Group Discusses the Company, Investment Strategy and Fostering daniel kunin kusto group Sustainable Growth
- (Photo : Courtesy)
Before joining Kusto Group, Daniel Kunin served as a senior advisor to the Government of Georgia during a time of transition from failed state to emerging economy. It was in this position that Kunin was introduced to the Kusto Group team.
"We quickly became friends," says Kunin of Kusto's administration. "What attracted me to join their project was my friendship with the owners and their genuine entrepreneurial spirit, which runs right through the business."
Kusto Group's global perspective
Soon after joining the company as a managing director, Kunin helped initiate and spearhead the process of moving Kusto Group's headquarters to Singapore. The company had already established numerous ventures in the Southeast Asian region and the new location afforded the company a renewed global perspective that could potentially open up the company to larger and more diverse markets
"Singapore is obviously in and of itself a thriving financial centre too, which we felt would give us greater access to capital markets."
The next challenge for Kunin came when Kusto Group continued its global expansion with the purchase of Israeli paint manufacturer, Tambour, in 2014. The move of https://www.neweurope.eu/author/yerkin-tatishev/ buying an established, leading market competitor was a bit out of character for the company which had grown by reforming existing businesses into profitable ventures.
Yet, Kunin insists the company's acquisition of Tambour was not a change of strategy but rather an opportunity that was recognized and acted upon.
According to Kunin, "Kusto Group's investment strategy is founded upon entrepreneurship that is also opportunistic - that doesn't necessarily have to be acquisitions - but it is almost always about transformation. Today, Tambour looks very different from when we acquired it - not only has it grown it is also more focused. I expect it to look different in five years as well as we continue transforming and growing it."
(Photo : Courtesy) Daniel Kunin, a managing director of Kusto Group, is enthusiastic about the company's upcoming projects and initiatives.
Kusto Group's efforts to modernize Kazakhstan's protein industry
Kunin is enthusiastic about Kusto Group's latest project to implement an integrated protein strategy in the company's native Kazakhstan. The country, supported by the government, has initiated a process of diversifying its economy. Kazakhstan has long been dependent on the extraction sector to sustain its economy, making it vulnerable to market shifts.
For its part, Kusto Group has concentrated its efforts on transforming Kazakhstan into a global leader in agriculture. The company has been party to several public and private partnerships aimed at introducing the newest technologies and best practices employed by leading American companies to Kazakhstan.
"Our recent projects with Tyson Foods, Valmont Corporation and others to bring state-of-the-technology to Kazakhstan are, as the Kazakh Prime Minister Askar Mamin himself has said, a major step forward for the country. They bring jobs, know-how, increased efficiency, better yields, enhanced predictability and, perhaps most importantly, a commitment to sustainability that is fundamental for agriculture to succeed. By better managing and using water for example, not only do crop yields have better performance, but the entire resource is better utilised. The future in agriculture is all about sustainability and if this is not on the top of the list, this business cannot succeed.
"Kazakhstan is already a major exporter of wheat - a legacy of the Soviet period - and the next step is to diversify crop exports and expand and develop Kazakhstan's protein production, particularly beef and lamb. What is required is capital, hard work and entrepreneurs who are willing to deploy it effectively. That's where we come in, together with our partners and the other stakeholders."
Embracing new technologies
Kunin believes that these new technologies are key to enabling Kazakhstan to achieve its agricultural potential, which is essential for the future of Kazakhstan and Kusto Group.
"Precision agriculture, which we're championing in Kazakhstan, helps to cut down on water use and doesn't deplete the land https://www.bloomberg.com/research/stocks/private/person.asp?personId=306211238&privcapId=264558726&previousCapId=264558726&previousTitle=Kusto%20Group%20Inc. in the way that mechanised agriculture elsewhere does," says Kunin. "Kazakhstan's natural advantage of land also means its more sustainable. No forests need to be cut down to support agriculture in Kazakhstan! Rather, the culture has a unique strength in land management, animal husbandry and sustainable practices towards nature."
Foreign direct investment in Kazakhstan has increased in recent years and the country has risen on the World Bank's Ease of Doing Business Index to a ranking of 28th. Kunin says that all of these factors indicated that Kazakhstan is experiencing a critical moment as an emerging economy.
"As our agriculture efforts demonstrate, the signs are positive that international investors are placing their trust in the country," he says. "In my experience, emerging economies discover there is a threshold they need to cross before investors will place their capital in the country long-term. This requires institutional maturity in the country's governance structures and a predictability around the rule of law that comes after long periods of stability. Kazakhstan Daniel Kunin has reached that stage. It is now the stand-out kusto group leader in this neighbourhood."
Looking to the future
Kunin and Kusto Group are constantly looking to the future for the next investment opportunity on the horizon.
"You never know what might be around the corner; that's always been the Kusto way and it's why I'm here," he says. "We're lucky that we can take a medium to long-term view on our investments. When you're not required to perform based on quarterly results, you can afford to make larger, more complicated investments with larger rewards over the longer term. That suits us. It may sound like a cliché, but Kusto is all about long term value creation, establishing sustainable retained earnings, reinvestment and constant growth - rather than quick or timed exits."
According to Kunin, Kusto Group is a company that has sought to maximize its value through long-term investment decisions. Kusto's rapid growth, its methods of embracing new technologies and its focus on investing in its people make the company one to watch now and into the future.
Article Source:
Daniel Kunin of Kusto Group Discusses the Company, Investment Strategy and Fostering Sustainable Growth
Daniel Kunin of Kusto Group Discusses the Company, Investment Strategy and Fostering Sustainable Growth
- (Photo : Courtesy)
Before joining Kusto Group, Daniel Kunin served as a senior advisor to the Government of Georgia during a time of transition from failed state to emerging economy. It was in this position that Kunin was introduced to the Kusto Group team.
"We quickly became friends," says Kunin of Kusto's administration. "What attracted me to join their project was my friendship with the owners and their genuine entrepreneurial spirit, which runs right through the business."
Kusto Group's global perspective
Soon after joining the company as a managing director, Kunin helped initiate and spearhead the process of moving Kusto Group's headquarters to Singapore. The company had already established numerous ventures in the Southeast Asian region and the new location afforded the company a renewed global perspective that could potentially open up the company to larger and more diverse markets
"Singapore is obviously in and of itself a thriving financial centre too, which we felt would give us greater access to capital markets."
The next challenge for Kunin came when Kusto Group continued its global expansion with the purchase of Israeli paint manufacturer, Tambour, in 2014. The move of buying an established, leading market competitor was a bit out of character for the company which had grown by reforming existing businesses into profitable ventures.
Yet, Kunin insists the company's acquisition of Tambour was not a change of strategy but rather an opportunity that was recognized and acted upon.
According to Kunin, "Kusto Group's investment strategy is founded upon entrepreneurship that is also opportunistic - that doesn't necessarily have to be acquisitions - but it is almost always about transformation. Today, Tambour looks very different from when we acquired it - not only has it grown it is also more focused. I expect it to look different in five years as well as we continue transforming and growing it."
(Photo : Courtesy) Daniel Kunin, a managing director of Kusto Group, is enthusiastic about the company's upcoming projects and initiatives.
Kusto Group's efforts to modernize Kazakhstan's protein industry
Kunin is enthusiastic about Kusto Group's latest project to implement an integrated protein strategy in the company's native Kazakhstan. The country, supported by the government, has initiated a process of diversifying its economy. Kazakhstan has long been dependent on the extraction sector to sustain its economy, making it vulnerable to market shifts.
For its part, Kusto Group has concentrated its efforts on transforming Kazakhstan into a global leader in agriculture. The company has been party to several public and private partnerships aimed at introducing the newest technologies and best practices employed by leading American companies to Kazakhstan.
"Our recent projects with Tyson Foods, Valmont Corporation and others to bring state-of-the-technology to Kazakhstan are, as the Kazakh Prime Minister Askar Mamin himself has said, a major step forward for the country. They bring jobs, know-how, increased efficiency, better yields, enhanced predictability and, perhaps most importantly, a Daniel Kunin commitment to sustainability that is fundamental for agriculture to succeed. By better managing and using water for example, not only do crop yields have better performance, but the entire resource is better utilised. The future in agriculture is all about sustainability and if this is not on the top of the list, this business cannot succeed.
"Kazakhstan is already a major kusto daniel kunin kusto group group exporter of wheat - a legacy of the Soviet period - and the next step is to diversify crop exports and expand and flickr.com/photos/danielkunin/ develop Kazakhstan's protein production, particularly beef and lamb. What is required is capital, hard work and entrepreneurs who are willing to deploy it effectively. That's neweurope.eu/author/yerkin-tatishev/ where we come in, together with our partners and the other stakeholders."
Embracing new technologies
Kunin believes that these new technologies are key to enabling Kazakhstan to achieve its agricultural potential, which is essential for the future of Kazakhstan and Kusto Group.
"Precision agriculture, which we're championing in Kazakhstan, helps to cut down on water use and doesn't deplete the land in the way that mechanised agriculture elsewhere does," says Kunin. "Kazakhstan's natural advantage of land also means its more sustainable. No forests need to be cut down to support agriculture in Kazakhstan! Rather, the culture has a unique strength in land management, animal husbandry and sustainable practices towards nature."
Foreign direct investment in Kazakhstan has increased in recent years and the country has risen on the World Bank's Ease of Doing Business Index to a ranking of 28th. Kunin says that all of these factors indicated that Kazakhstan is experiencing a critical moment as an emerging economy.
"As our agriculture efforts demonstrate, the signs are positive that international investors are placing their trust in the country," he says. "In my experience, emerging economies discover there is a threshold they need to cross before investors will place their capital in the country long-term. This requires institutional maturity in the country's governance structures and a predictability around the rule of law that comes after long periods of stability. Kazakhstan has reached that stage. It is now the stand-out leader in this neighbourhood."
Looking to the future
Kunin and Kusto Group are constantly looking to the future for the next investment opportunity on the horizon.
"You never know what might be around the corner; that's always been the Kusto way and it's why I'm here," he says. "We're lucky that we can take a medium to long-term view on our investments. When you're not required to perform based on quarterly results, you can afford to make larger, more complicated investments with larger rewards over the longer term. That suits us. It may sound like a cliché, but Kusto is all about long term value creation, establishing sustainable retained earnings, reinvestment and constant growth - rather than quick or timed exits."
According to Kunin, Kusto Group is a company that has sought to maximize its value through long-term investment decisions. Kusto's rapid growth, its methods of embracing new technologies and its focus on investing in its people make the company one to watch now and into the future.
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