Seimar OJSC signed a contract with Italian companies on delivery of equipment for battery farms for $30 mn
24.09.03 00:00
/Kazakhstan today,September 24, 03/ - Seimar OJSC signed a contract with
a number of Italian companies on delivery of new computerized equipment
for battery farms for $30 mn. Morgulan Seisenbayev, the Chairman of the
Board of Directors of Seimar OJSC informed the journalists about this fact
during the press conference on September 24 in Almaty.
40% of the total amount is financed by Nurbank, 35% is lent by syndicate of
Italian banks through SACE insurance agency, 5% is given by Agrarian
Credit Corporation, 20% of the investments is from company's own capital.
The average interest rate of loans totaled to 8%, maturity - 5-8 years,
According to a contract the equipment is to be installed and explored at
OJSC's enterprises starting from October 1, 2003.
According to M. Seisembayev, during 2004 - 2005 company's all enterprises
will fully replace equipment and technology. At battery farms, new system of
farming, when one family of farmers rents from a company and serves up to
4 standard poultry-yard, will be introduced and the technology provides for
atomization of production and reduction of human element.
As expected with installation of a new equipment, the productivity of the
company will increase in 2004 to 16 th tones of poultry a year, in 2005 - to
25 th tones of deadweight per year, the production of eggs will reach 500 mn
a year. It is supposed that production of chicken meat will reach 70 th tones
per year, and eggs - 1 bn pieces per year. In addition all eggs will be selling
at domestic market of the RK, 50% of poultry will go as an export to CIS
countries. At present time, Seimar OJSC produces 1.1 mn of eggs and 22
tones of poultry a day.
[2003-09-24]