Industrial Development Fund JSC financed the production of paint and varnish products

Industrial Development Fund JSC financed the production of paint and varnish products

Industrial Development Fund JSC financed the production of paint and varnish products

23.08.2022

With the financial support of the Industrial Development Fund JSC (hereinafter referred to as the Fund), VMP Plant Astana LLP launched the project “Construction of a paint and varnish plant for the production of anti-corrosion and fire-retardant coatings” on the territory of the Industrial Park No. 1 of the FEZ “Astana - New City”.

The Fund's investments are aimed at purchasing modern high-tech equipment manufactured in South Korea, Italy, Russia, etc.

The project is being implemented as part of the National Project for Industrial and Innovative Development of the Republic of Kazakhstan for 2021-2025. The production capacity of the plant is more than 5 thousand tons of products per year, since the launch, 50 tons of products have already been produced.

The paint and varnish products of the plant are designed to protect metal, concrete and reinforced concrete structures from corrosion and fire, and are widely used in the construction of transport interchanges, railway, pedestrian and automobile bridges, oil and gas and energy pipelines, and civil engineering facilities.

The project created 40 jobs.