Baku, Azerbaijan, May 22
By Nargiz Sadikhova - Trend:
The construction of a factory worth 9.2 billion tenge is nearing completion in Kazakhstan’s Aktobe industrial zone, Trend reports via LS news agency.
“The ceramic granite manufacturing is to be launched this year. The output volume of the factory is to be five million square meters of ceramic granite a year,” the report said.
“The investments volume of the project amounts to 9.2 billion tenge. The project is being funded by investor’s own assets (60 percent) and with participation of BRK Leasing (40 percent),” the statement said.
Currently the construction of the main building is completed. The installation work is underway. The first batch of the manufactured production is expected in 4Q2019.
“The project is aimed at import substitution in the construction sphere. Thus, 50 percent of the manufactured production will be realized within the internal market of Kazakhstan. The rest of it is to be exported to CIS countries, mainly Russia,” reads the message.
(1USD = 378.87 tenge on May 22)
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