/KASE, September 18, 2019/ – Subsidiary Bank Sberbank of Russia (Almaty), whose
bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided the
KASE with the following press release dated September 18, 2019:
quote
About 100 thousand tons of tires are annually formed in Kazakhstan, of which
approximately 70% of tires are passenger cars, the remaining percent is trucks.
The issue of recycling of worn-out tires that have served their term is an acute
problem all over the world, including in our country.
Such an important environmental issue in Stepnogorsk will be decided by the newly
opened enterprise ABM ECOSHINA SP. The entrepreneur, Temirlan Nurmashev, together
with like-minded people, opened the first production complex for the processing
of used tires in Akmola region.
“Used, discarded tires decompose in the earth for more than 100 years, and there
is a strong pollution of the soil with toxins and carcinogens. Therefore, the
opening of our enterprise should solve this problem to wide extent in our area.
Also, not only the environmental aspect, but also the economic one is important
in the issue of recycling of old tires, because instead of garbage, we get useful
commercial material after processing”, - Temirlan Nurmashev, Head of ABM ECOSHINA
SP, said.
The entrepreneur applied to Kokshetau Branch of Sberbank Kazakhstan for the
necessary financing of a business idea. The project worth more than 16 million
tenge was supported by the state Program for the Development of Productive
Employment and Mass Entrepreneurship for 2017-2021 with a rate of 6% per
annum. The project was also supported by Damu Fund which provided the enterprise
with a guarantee in the amount of 13.9 million tenge, which amounted to 85% of
the total loan amount.
unquote
Full version of the press release is posted on the KASE website (in Russian) at
–
http://kase.kz/files/emitters/SBER/sber_reliz_180919_en.pdf
[2019-09-18]