The Kazakh arm of Russia’s Sberbank group has approved a KZT1 billion (US$2.7 million) loan for Kazakhstan lead battery, Kainar-AKB, to upgrade its Taldykorgan manufacturing 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.
