The Kazakh arm of Russia’s Sberbank group has approved a KZT1 billion (US$2.7 million) loan for Kazakhstan lead battery manufacturer, Kainar-AKB, to upgrade its Taldykorgan plant.
The funds will be used “to purchase (new) and upgrade existing equipment of the Taldykorgan Battery Plant”.
The loan has been granted under Kazakhstan’s Road Map 2020, a state-led programme for issuing grants, loans, and reductions interest rates and loan repayments, to support small and medium-sized businesses in the country.
Kaimar-AKB manufactures “accumulators for cars, trucks, agricultural and military equipment of all sectors of the national economy”.
Russia, the Commonwealth of Independent States countries, Poland, Germany and China all have long-term contracts for products from the Taldykorgan plant, Sberbank said.
Construction of the Taldykorgan battery plant began in 1970, with the first battery— the 6ST-75EM— being produced there in 1975. Kaimar-AKB was one of five battery manufacturers in the former USSR.
Kaimar-AKB head Serikbai Azhmaganbetov said all battery components are produced at the company’s facility— from casting plants and components to assembling finished products. He said the company currently produces up to 2.5 million batteries annually.
A state-backed Russian investment agency is to help finance the launch of commercial lithium-ion battery production in the country.
The Industrial Development Fund (IDF) is backing plans by engines manufacturer PJSC Saturn to start “mass production” of lithium-ion batteries at its plant in Krasnodar starting in 2020.
The initial aim of the project is to use lithium instead of nickel-cadmium and silver-zinc battery technology for aircraft starter batteries.
Russian lead-acid battery maker AKOM has been selected to take part in a government-backed programme to boost one of the country’s industrial regions.
AKOM, which this year marks its 15th anniversary since launching battery production in the southwestern Samara region, said the move allows it to take advantage of tax breaks and other incentives to step up investment and production.