KazakhExport has supported the exports of domestic polymer products
Polymer Production LLP, a Kazakhstan company, implementing an investment project for the polymer production in the Atyrau Oblast, took advantage of the pre-export financing tool of the EIC “KazakhExport” JSC. The total amount of the approved financing was KZT 180 mln. of which KZT 40 mln. was disbursed.
According to some representatives of Polymer Production, information on the tools of the Export Insurance Company was provided to them through the servicing bank – the Subsidiary of Sberbank JSC. The cooperation of the enterprise with this financial institution has been going on for more than 5 years.
“Our expectations from the KazakhExport’s services are to fully carry out the Republic of Kazakhstan industrial and innovative development strategy for 2015-2020 by exporting goods to the CIS countries and reaching the maximum polymer production capacity without fearing risks of non-payment from suppliers”, - said Aigul Kamitova, the Chief Manager of the Financing and Planning Department of Polymer Production LLP.
Due to the establishment of partnership relations with buyers from the CIS countries, Polymer Production LLP plans to actively use the KazakhExport’s tools to support Kazakhstan exports in future too.
Polymer Production LLP is a member of the Group of Companies of Samruk-Kazyna National Welfare Fund JSC, and is a subsidiary of United Chemical Company LLP. It was established in 2012 and positions itself as the first large enterprise in Kazakhstan and Central Asia in the production of polymer containers, polyethylene and polypropylene (BOPP) films.