VITA OJSC (Kazakhstan) purchased 20 automobiles "Gazel" for production transportation

/KASE, November 8, 02/ -VITA OJSC (Almaty), whose bonds are circulation under stock exchange's official "В" listing category, presented KASE information about purchasing of 20 automobiles "Gazel". According to the presented information the automobiles were purchased in accordance with leasing agreement, which had been made with BANK CASPIAN OJSC (Almaty), to the amount of USD30.2 m, of 20-year term of effect. The purchased automobiles have been equipped with thermo-cabins and refrigerators made by Italian firm Thermo King. VITA OJSC intends to send 15 automobiles to its branches, and the remaining automobiles will be used by the company for work in Almaty. According to the company's information purchasing of automobiles will allow VITA OJSC to reduce expenses on automobiles hiring that will economize KZT800.0 th. each month. In the opinion of the company's governing body the increase of automobile station will also help to increase volume of production sale (butter and sunflower oil, mayonnaise and soy products). The company's primary activities - production, purchase, processing and sale of agricultural production; transportation, keeping and refinery of oil and other activities. [2002-11-08]