/KASE, December 8, 2021/ – Development Bank of Kazakhstan (Nur-Sultan),
whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release dated December 8, 2021:
quote
EkibastuzFerroAlloys LLP attracted financing from Development Bank of
Kazakhstan JSC (a subsidiary of Baiterek National Management Holding JSC,
hereinafter referred to as the Bank, DBK) for the construction of a new
ferrosilicon plant in Pavlodar region. The total project cost is 92.2 billion
tenge, of which - the DBK credit line was opened in the amount of 72 billion
tenge, the share of own participation of investors is more than 20 billion
tenge.
The project provides for the construction of a modern plant with 4 furnaces,
94.5 MVA each, with a maximum production capacity of 240,000 tons of
high-quality ferrosilicon per year. The new fully automated plant is slated to
launch in 2023 to meet global demand for ferrosilicon. The plans of the company
EkibastuzFerroAlloys LLP to sell products in the markets of Europe, Southeast
Asia, North and South America. Relevant agreements and off-take contracts for
the sale of finished products have already been signed. According to preliminary
estimates, the value of exports will amount to 76 billion tenge per year.
unquote
The complete press release is available on –
https://kase.kz/files/emitters/BRKZ/brkz_reliz_081221_1.pdf
[2021-12-08]