The accumulator battery plant in Taldykorgan, which employs more than 1.100 people, annually produces about 2.5 million batteries, while the company has established a full cycle of production: from casting parts and components to assembling finished products. Factory product is known to consumers under such brands as KAINAR, BARS, Nomad, Uly Dala, Vozhak.
"Promoting the expansion of export opportunities of Kazakh enterprises is one of the important directions in the credit activities of the DBK, as a national development institution. The Bank finances export operations of domestic producers at its own expense and within the framework of Nurly Zhol State Program. Within the framework of the State Program in December 2018, the DBK provided Kainar-AKB with a loan in the amount of 2 billion tenge for a period of three years for the purchase of raw materials for the production of starter lead-acid batteries for cars and trucks, locomotives and other equipment, with further exports of products. The loan funds will allow the Company to increase production and supply volumes to foreign markets", - said Yerbol Salimbayev, the banker of the Directorate for Customer Relations.
Today, more than 60% of the batteries produced at the Kainar-AKB plant are exported to Russia, Azerbaijan, Kyrgyzstan, Uzbekistan, Belarus, Tajikistan, China and the UAE. The pre-export financing provided by the Bank will allow the company to increase the production of up to 3 million batteries per year by 2020, and, accordingly, the supply of products to foreign markets.
According to Bakytgul Kuderinova, the Chief Financial Officer of Kainar-AKB LLP, within eight months of 2019, about 1.5 million of accumulator batteries were produced at the plant and 839 thousand of them were exported. The batteries were exported to countries such as: Russia, Ukraine, Belarus, Azerbaijan, Turkmenistan, Georgia, Armenia, Kyrgyzstan, Tajikistan, Uzbekistan.
As the Head of State Kassym-Zhomart Tokaev emphasized in the Address to the Nation of Kazakhstan dated September 2, 2019, "we have to drastically increase the effectiveness of state support for export companies".
DBK offers Kazakh enterprises to take advantage of lending opportunities under the Nurly Zhol Program, the terms of the loan are as follows:
- a revolving credit line is provided for the purchase of raw materials and materials for the production of finished products with subsequent exports;
- target industry: manufacturing;
- availability of export contracts;
- loan term: 1 to 3 years;
- loan currency: tenge;
- the minimum loan amount is 1 billion tenge.
Legal entities interested in opening pre-export credit lines may contact the DBK Directorate for Client Relations using the following contact details: +7 7172 79 26 11 (Vladimir LI, Dinara RSKELDINA, Yerbol SALIMBAYEV).
Development Bank of Kazakhstan JSC (DBK) is a national development institution for the modernization and development of the non-resource and infrastructure sectors of the economy of Kazakhstan, established in 2001. Main areas of activity: development of production infrastructure and manufacturing industry, promotion and attraction of foreign and domestic investments in the country's economy. DBK is one of the largest investment operators of state programs for industrial and innovative development. DBK is a part of Baiterek National Management Holding JSC.
Kainar-AKB Company is the domestic commodity producer of accumulator batteries and is a member of the Register of Domestic Commodity Producers of Samruk-Kazyna Holding, and is also a member of the Interbat International Union of Battery Manufacturers.
Public affairs Department of the Development Bank of Kazakhstan JSC: 8 (7172) 79 26 87 (www.kdb.kz, facebook.com/kdb.kz, Twitter@KDBkz)
