The Industrial Development Fund JSC supported the project to expand and modernize the foundry production at the plant of Kostanay Agromechanical Plant LLP.
According to the project, the Fund's investments are aimed at purchasing specialized equipment with a capacity of more than 1,000 tons of foundry products per year.
The purchased high-tech equipment of Kazakhstani and Russian production will produce cast iron, steel manganese and steel carbon products used in mechanical engineering, agricultural and construction industries. All products will be supplied both to the domestic market of the region and to other regions of Kazakhstan.
The implementation of the project will significantly increase production capacity, save jobs, and also provide additional tax revenues to the budget.
