A subsidiary of JSC SEC Almaty— Almaty Finance LLP, allocated 219.9 million tenge to the enterprise for the production of metal structures and products. The project is funded within the framework of the regional entrepreneurship development program "Almaty Business – 2025" in order to support domestic production. The interest rate on the loan is 6% per annum for a period of 5 years.
Temir ZHB LLP will use the funds received to purchase equipment: an automatic welding machine, a rebar bending machine, a laser machine, welding welding equipment with hail removal and a sheet bending machine. The purchase of equipment will allow the borrower to expand the range of metal products, improve technological equipment, and increase the level of mold maintenance and repair..
"In addition to the development of industry in Almaty, the borrowed funds will ensure the creation of 15 new permanent jobs at the enterprise. In addition, revenues to the local budget will increase — the company will pay about 100 million tenge in taxes annually," said Berik Kusainov, Chairman of the Board of Almaty Finance LLP.
After the modernization, the design capacity of the enterprise will increase from 500 to 1,020 tons of metal products per year. The nomenclature list will exceed 350 items according to any customer drawings. Kazakhstan will remain the main sales market. The company plans to purchase raw materials from suppliers from Almaty and the Almaty region.