The credit line in the amount of above KZT 620 million (above USD 4,1 million) was rendered to a company operating in the field of the paper products retail sale.
Construction of the plant is at the completion phase; the pilot production of paper is planned for the end of August. According to the Company’s plans, the plant will start working in September in full manufacturing mode.
History of the Companies’ Group was started from small-scale wholesale paper products trade. Having realized the necessity of further development of the Group, the Company’s shareholders made a decision on further growth and possibility to construct vertically integrated structure. The initial stage of the plan was construction of the paper producing plant. Taking into account that the market is taken by Russian and Western manufacturers, the Group wasn’t afraid of difficulties and started the investment project on plant construction with the help of VTB Bank (Kazakhstan).
The Company plans further development of the Group and construction of new plant producing the primary paper products by waste paper processing.