Development Bank of Kazakhstan JSC will provide the daughter structure KaznefteHim JSC with a loan in the amount of KZT1.1 bn.

/KASE, July 19, 07/ - Kazneftehim JSC (Almaty), bonds of which are traded in Kazakhstan stock exchange's (KASE) official "A" listing category, spread a press release, which says that the Board of directors of the development bank of Kazakhstan JSC (Astana) took a decision about offering the loan in the amount of KZT1,100 m. to the Kazhimvolokno company for the realization of the project of realization of metaaramide string ARNIX in Kostanay. Kazhimvolokno company is a part of Kazneftehim Holding JSC. According to the message, in September 2006, the factory has passed a test launch on the neutral sphere with a goal of running the equipment, correction of the controlling and measuring system, the autoimmunization of the technical presses. In Fall 2007, it is planned to launch the first production line of ultrastrong string and fibro-film polymeric binder ARNIX. The factory will achieve the full project capacity in 2009 and will produce 2,750 tons of units per year. "ARNIX" has such characteristics as high heat resistance, durability, insulating features, resistance to the radiation and to the activities of microorganisms. the unique features of the material gives the advantages of broad application in the national economy (working clothes, compositional building materials, filters for hot productions, cable production), and in the high-tech areas, such as, space technology, nuclear and industrial fields and others. In April 2007, Kazneftehim JSC in collaboration with the Institute of space exploration of Republic of Kazakhstan, started tests of physical and mechanical features of the ARNIX string for space conditions. Besides Kazakhstan, only the U.S. and Japan have the technologies of producing the metaaramide string", - is said in the press-release. [2007-07-19]