Kazakhstan to launch beef manufacturing in co-op with foreign investors
Baku, Azerbaijan, August 2
By Nargiz Sadikhova - Trend:
A plant for beef manufacturing and processing will be built in Kostanay region of Kazakhstan by 2020, Trend reports with reference to the press office of Kazakh Invest.
The project worth $30 million is to be implemented by Canadian company SureGoodFoods together with Latvian Bridge Holding.
The investors plan to establish a full beef processing cycle, including a feedlot, abattoir as well as meat packaging, freezing and storage facilities. Planned production capacity of the plant is 15,000-20,000 tons of meat products annually.
“We plan to produce high-quality frozen beef and supply it to both domestic and export markets. In addition, we plan to obtain the Halal certification for our products,” said Karim Grana, Director of International Trade at SureGoodFoods.
The company notes that it plans to involve local farmers in the production work. In turn, this will increase employment and income levels of local population, competency of local farmers and entrepreneurs, expand markets and improve competitiveness of local products.
It is worth noting that in case of successful implementation of the project, investors will consider the possibility of expanding production and establishing plants for processing of mutton and pork.
(1 USD = 385.35 KZT on August 2)
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