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EBRD to allocate funds to for backing up Turkmen construction sector manufacturer

Finance Materials 3 September 2021 11:54 (UTC +04:00)

BAKU, Azerbaijan, Sept. 3

By Klavdiya Romakayeva - Trend:

The European Bank for Reconstruction and Development (EBRD) has made a decision to allocate $2 million to the individual Agaýana enterprise in Turkmenistan, Trend reports with reference to the press service of the bank.

Agaýana is the only chipboard manufacturer in Turkmenistan. The annual capacity of the enterprise amounts to 20,000 cubic meters of chipboard.

According to the information, the allocated funds will be used to purchase a variety of modern equipment, which will enable the enterprise to increase its production capacity, as well as diversify the list of manufactured products.

It is noted that the purpose of the financial assistance provided is to increase the number of manufactured products and diversify their assortment by Agaýana with the subsequent strengthening of its position in the market environment.

In addition, the allocated funds will allow the company to increase the volume of export supplies to neighboring states, namely to Tajikistan, Azerbaijan, Uzbekistan.

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Follow the author on Twitter: @romakayeva

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