Expanding export boundaries: Kazakhstan producer conquers the Russian market
“Iceberg PV” LLP was created in 2003, has been producing frozen dumplings, manty, pancakes, meatbolls, which are realized in the cities of Pavlodar, Ekibastuz,Astana,Semey,Ust-Kamenogorsk and since Desember 2016, in the market of Russia ,Novosibirsk and Tomsk. Nowadays the company produces more than 80 types of products and semi-finished products, up to 90 tons per month. Size of production at full load can be 350-400 tons per month.
As part of the supply agreement with the Russian buyer, the Kazakh manufacturer made the first delivery of its product to Moscow on deferred payment terms. “KazakhExport” assumed the risk of non-payment by the Russian partner. This will allow “Iceberg PV” LLP to increase the volumes of exports and manufactured products, as well as expand the geography.
A Russian company, that has entered into a contract with “Iceberg PV” LLP specializes in the sale of food products from Kazakhstan. About 1,800 products from 35 manufactures of the Republic of Kazakhstan are represented on the shelves of the trading network.
EIC “KazakhExport” JSC has concluded an export credit insurance contract with a Kazakhstan - based manufactures of “Iceberg PV” LLP products to insures a deferment of payment by a Russian buyer under an export contract. Thanks to the deal, Kazakhstan exported receives protection against the risk of non-payment by the importer.
The mission of the Export Insurance Company “KazakhExport Export” JSC (being a part of the structure of NMH Baiterek JSC) is to support the growth of exports of non-primary goods, works, and services in priority sectors of the economy and to develop the practice of financial insurance and non-financial support to Kazakhstan enterprises.