Food industry investments significantly increase in Kazakhstan
Baku, Azerbaijan, Dec. 5
By Rashid Shirinov – Trend:
For 10 months of 2018, capital investments in the food industry of Kazakhstan reached 88.4 billion tenge, which is 41 percent more than in the same period last year, Trend reports citing Energyprom.kz.
The largest investments in the industry were in Akmola region — almost 24 billion tenge, followed by Almaty region (over 20 billion tenge) and Kostanay region (more than 9 billion tenge).
In January-October 2018, food production investments from own funds of businesses reached 51.7 million tenge, a 9.4 percent increase year-on-year. Investments through borrowed funds increased by 5.4 times, reaching 27 million tenge, while investments through bank loans amounted to 9.6 million tenge, which is 7.5 percent less year-on-year.
For three quarters of 2018, enterprises of vegetable and animal oils and fats production at 372,000 tons a year were commissioned in Kazakhstan, as well as those of flour and grain production at 200,698 tons a year, of prepared food and semi-finished products at 57,497 tons a year.
Also, enterprises for pasta production at 13,838 tons a year, bread and flour confectionery production at 2,391 tons a year, meat and meat products at 1,216 tons a year, and dairy products at 300 tons a year were put into operation in January-September 2018 in Kazakhstan.
(371.14 KZT = 1 USD on Dec. 5)
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