/KASE, January 30, 2025/ – Development Bank of Kazakhstan KSC (KASE
ticker – BRKZ) has announced the following:
quote
January 29, 2025
Bayan Sulu Factory JSC, being one of the largest confectionery producers in
Kazakhstan, is expanding its production capacity. This step is aimed at meeting
the growing demand for the products in both domestic and international markets.
As part of the implementation of this next project, it is planned to launch new
production lines, which will expand the range and increase the volume of
products by 13 thousand tons per year. The introduction of modern production
technologies will also improve the quality of products and ensure their
compliance with international standards and strengthen the company's position in
international markets.
"The capacity expansion is not just an investment in production, but also an
important step towards strengthening the Bayan Sulu brand as a symbol of
quality and tradition. We strive to offer our customers even more favorite sweets,"
- said Timur Sadykov, Chairman of the Management Board of Bayan Sulu JSC.
The project will be implemented with the financial support of Development Bank
of Kazakhstan JSC (hereinafter - the Bank, DBK, a subsidiary of Baiterek
Holding), which will allocate KZT 6 billion with the total project cost of KZT 14
billion.
unquote
The complete press release is available on –
https://kase.kz/files/emitters/BRKZ/brkz_relizs_290125_1.pdf
[2025-01-30]