The pre-export financing from KazakhExport will assist in expanding a volume of exports of cotton products
The Khlopkoprom-Cellulose Group of Companies concluded export credit insurance agreements with the EIC “KazakhExport” JSC and obtained the financing to perform its export contracts. The funds received through Qazkom under the “Pre-export financing” tool afforded an opportunity to supply more domestic cotton products to Russia, the Czech Republic, Belarus, Moldova and Latvia.
“We learned about KazakhExport’s products at one of economic forums at the meeting with the Chairman of the Management Board of the Joint Stock Company. In future, we plan to increase volumes of deliveries, and in this connection we will expand the use of tools of the export insurance company”, - the Company noted.
Chlopkoprom-Cellulose has been operating in the market for 14 years. Its activities cover all types of work related to cotton - from the cultivation to the cleaning and a deep processing at its own enterprises. The basic products of the Group are cotton fiber of all grades, cotton lint, cotton seeds, cotton cellulose of all grades, hygroscopic cotton wool and carboxymethylcellulose. The latter product is consumed in the synthetic detergents production, in oil and gas, mining, textile, construction, paint and varnish, paper, and foundry industries, as well as in biological research. More than 80% of the products of the South-Kazakhstan enterprise are exported.
The KazakhExport’s pre-export financing tool allows the domestic companies to increase export deliveries by granting a delay in payment to their customers, while simultaneously obtaining working capital at a reduced interest rate. To use these and other tools, please contact the call-center by phone 8 (727) 250 00 21. You can also find additional information on the website: keg.kz.