The Industrial Development Fund JSC has supported a domestic paper product manufacturer in modernizing its corrugated packaging production line.
KZ Recycling LLP has invested in cutting-edge high-tech equipment, allowing it to significantly increase its production capacity from 117 million square meters to 177 million square meters of finished corrugated packaging annually. Today, the company stands as one of the largest producers of containerboard, corrugated packaging and paper in Kazakhstan and Central Asia.
This substantial expansion is aimed at meeting the growing domestic demand for corrugated packaging and boosting exports to neighboring countries. Corrugated packaging is widely used in the food industry to preserve food products and ensure the safe transportation of various consumer goods.
According to statistics, the annual demand for corrugated packaging in Kazakhstan is approximately 266 million square meters. Forecasts indicate that by 2027, demand will exceed 300 million square meters.
Currently KZ Recycling LLP employs 840 people. With the increase in production capacity for corrugated packaging, supported by the Industrial Development Fund JSC, the company will create an additional 61 jobs and contribute further to tax revenues.
