The total cost of the project is 36.8 billion tenge, the share of the Borrower's participation - 7.2 billion tenge, the amount of financing from the Bank is 29.6 billion tenge. At the same time, taking into account the export orientation of the project, Qaz Carbon LLP also received support from the Export Insurance Company “KazakhExport” JSC through loan insurance in the amount of 11.5 billion tenge, which is an indicator of the successful synergy of the country's two financial institutions (subsidiaries of Baiterek National Management Holding JSC).
The Bank's financial resources will be used for construction and installation work and the purchase of high-tech equipment.
The production capacity of the ferroalloy plant will be 57 thousand tons of ferroalloys and 240 thousand tons of sinter per year. At the moment, the construction of the aforementioned facilities has already begun.
«A very important factor is that the share of Kazakhstani content in the products of the new plant will be 100%. The manufactured products that meet the highest world quality requirements will be completely export-oriented. The United States, Europe, Japan, Korea, Turkey, and the CIS countries will be the main consumers. In this regard, the implementation of this project will not only increase the export potential of our country but also contribute to the development of the national economy. The uniqueness of this project lies in the fact that the plant will be considered environmentally friendly: during the production process, a gas cleaning system will not pollute the air and, thanks to the principles of minimizing waste generation and their reuse will have a minimum impact on the environment. During the construction of the plant, more than 1000 jobs will be created, and after completion of the construction, 400 of our compatriots will be provided with permanent jobs. At the same time, I would like to note that we have experience in the construction of similar plants, using the example of the YDD Corporation ferroalloy plant», noted the founder of Qaz Carbon LLP Yerlan Nigmatullin.
As part of the construction of the new plant, it is planned to use world technological developments and install the latest equipment that will meet all the parameters of the Industry 4.0 Program for technological modernization of the economy and digitalization of industry. The production process will be fully automated.
«The successful implementation of the new ferroalloy plant in Karaganda is not only an example of the development of the metallurgical industry in Kazakhstan but also a high indicator of the country's investment attractiveness. A well-thought-out functional service for investors from the state gives additional desire to implement such projects. We can say with confidence that the products of the new ferroalloy plant will also be in demand on the world market. The products will meet not only Kazakhstan’s but all world quality criteria», commented the foreign founder of Qaz Carbon LLP David Kemertelidze.
The implementation of such a large-scale project is aimed at the development of the country's manufacturing industry and also directly contributes to the implementation of direct orders from the President of the country in attracting investments and increasing labor productivity in this area.
«The project is consistent with the Bank's mandate in three key areas - import substitution, export potential and high productivity. The project will have a significant socio-economic effect on the development of the Karaganda region and contribute to the development of the Kazakhstani manufacturing sector. Upon commissioning, the project will create over 400 permanent jobs. The construction of the enterprise sets a high bar for the implementation of the best international practices and standards in production, preventing negative impact on the environment, so I am sure that the plant and the factory will become benchmarks for all other similar enterprises in the country», said the Chairman of the Management Board of DBK Abay Sarkulov.
In July of this year, Development Bank opened a credit line to Qaz Carbon LLP for the construction of a coal enrichment plant and modernization of the existing foundry in Karaganda in the amount of 9.24 billion tenge for 7 years. The total cost of the project then amounted to 12 billion tenge. Borrowed funds of DBK were provided within the framework of the State Program of Industrial and Innovative Development of the Republic of Kazakhstan for 2015-2019.
Development Bank of Kazakhstan JSC (DBK) is a national development institute for the modernization and development of non-resource and infrastructure sectors of the economy of Kazakhstan, established in 2001. Main areas of activity: development of industrial infrastructure and manufacturing industry, assistance and attraction of external and internal investments in the country's economy. DBK is one of the largest investment operators of the state program for forced industrial and innovative development (SP FIID). (www.kdb.kz, facebook.com/kdb.kz). DBK is a part of Baiterek National Management Holding JSC.
Qaz Carbon LLP is a company producing coke for ferroalloy plants, as well as steel and iron casting. The production enterprise was established in 2017 in Karaganda.
