A subsidiary of JSC SEC Almaty, Almaty Finance LLP, financed the launch of an automated production line for croissants and other bakery products in Almaty. Art Bakery LLP will allocate 128 million tenge allocated within the framework of the "Almaty Business-2025" entrepreneurship development program for the purchase of equipment.
Automation of production will allow the company to increase the volume of products by 15 times – from 33 to 490 thousand croissants and other flour products per month.
Currently, the company sells its own croissants wholesale and small wholesale to retail chains, supermarkets, coffee shops and catering outlets in Almaty and other cities of Kazakhstan. Thanks to international certification and an increase in production capacity, the company will be able to carry out uninterrupted deliveries to both local customers, including Starbucks and Costa Coffee, and foreign ones.
The new workshop with an area of 580 m2 will be located on the territory of a small industrial park in the "Industrial zone of Almaty".
The start of production is scheduled for the 1st quarter of 2025.Ставка вознаграждения по кредитному лимиту составит 6% годовых, срок финансирования – 5 лет.
"The support of a local manufacturer will have a positive economic effect for the city: in addition to filling the market with domestic products, 19 new jobs will be created, and when the planned targets are reached, the company will pay about 50 million tenge of taxes annually," said Deputy Chairman of the Board of Almaty Finance, Zhuldyz Igenov.
For reference:
Almaty Finance LLP is a credit institution established in 2019 and is a subsidiary of Almaty Social and Entrepreneurial Corporation JSC. Almaty Finance LLP provides preferential financing to SMEs in Almaty. The purpose of the loan is to create new production facilities and replenish working capital. The maximum loan amount is 500 million tenge. The term is up to 7 years. Lending to Almaty Finance is implemented within the framework of the regional program "Almaty Business-2025".