Baku, Azerbaijan, August 30
By Nargiz Sadikhova - Trend:
Sberbank Kazakhstan financed the large-scale project of Kvant LLP on construction of an additional workshop for a furniture factory and acquisition of additional equipment for the production of furniture and trucks, Trend reports with reference to the bank.
Total cost of the investment project is 1.5 billion tenge.
“The main objectives of our project are the construction of a second workshop for a furniture factory and acquisition of an automatic painting line for furniture parts made of medium-density fibreboard, solid wood and other wood-based materials," said Director of Kvant LLP Mikhail Pshenichniy
"We also decided to purchase specialized equipment for the production of frame facades and automatic boring machine that does not require reconfiguration for each part, which means that it can work in line mode without the intervention of technical staff. Successful implementation of this project will allow us to significantly expand the range of products, as well as bring it to new markets”, he added.
The investment project was approved as part of the Development Bank of Kazakhstan’s Interbank Lending Program for lending to large enterprises in the manufacturing industry with the attraction of funds from the National Fund of Kazakhstan.
“Sberbank Kazakhstan is interested in the stable development of the country's economy and is always ready to provide support to domestic producers. Such support will undoubtedly allow increasing the competitiveness of domestic manufacturers in the international market”, First Deputy Chairman of the Management Board of SB Sberbank JSC Yeldar Tenizbayev said.
The products of Kvant LLP are successfully sold in Kazakhstan. In addition, the company successfully cooperates with customers from Russia, Germany, Kyrgyzstan, Italy, Tajikistan, Armenia and Sweden.
Sberbank Kazakhstan JSC is a part of international Sberbank group. The Bank has thirteen-year successful experience in the financial market of Kazakhstan. Today, Sberbank Kazakhstan JSC has a branch network of 97 structural subdivisions, 17 out of which are branches.
(1 USD = 387.46 KZT on Aug 30)
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