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EBRD allocates loan to Turkmenistan’s manufacturer of construction materials

Business Materials 14 April 2020 17:15 (UTC +04:00)
EBRD allocates loan to Turkmenistan’s manufacturer of construction materials

BAKU, Azerbaijan, April 14
Trend:

European Bank for Reconstruction and Development (EBRD) has allocated a loan to an Ak-hunji individual enterprise, which is engaged in the production of building materials in Turkmenistan, Trend reports with reference to Business Turkmenistan news portal.

The loan amount is $1.8 million. An individual enterprise will be able to improve the quality and durability of its products, as well as increase its export abroad, the report said.

The company produces 60 types of decorative profiles and ceiling panels as well as 200 types of architectural elements for the facade of buildings. An important share of the company's products accounts for sandwich panels that reduce the load on the foundation during construction.

The company intends to use modern and safe raw materials from the Republic of Korea, China and Hungary.

Ak-hunji individual enterprise is operating since 2009 and employs more than 85 staff members.

The European Bank for Reconstruction and Development pays special attention to expanding private sector activities in Turkmenistan’s corporate and financial sectors. To date, the bank has implemented 75 projects in the country.

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