A preferential loan for business: how Turkmen startups turn into multidisciplinary companies
The individual enterprise "Ak Hunji", located in the city of Mary, is building a new plant for the production of building materials from expanded polystyrene and mineral wool - light and strong materials with low thermal conductivity.
The new enterprise will annually produce up to 200 thousand square meters of wall and roof sandwich panels with a thermal insulation layer, as well as 1.5 million linear meters of decorative profiles for finishing buildings from extruded polystyrene.
The first production from the plant under construction is planned to be received in early 2019.
Simultaneously, Ak Hunji modernizes its existing plant with a similar production, and also expands its profile of activity, mastering livestock.
On the territory of Bayramali etrap, a modern cattle-breeding complex was erected by the IE, where 60 tons of meat and 50 tons of milk per year will be produced. The complex also plans to create its own fodder base, it is planned to purchase additional farm machinery and a herd of Holstein cows in the Netherlands.
The funds for expansion of activities and modernization of existing enterprises of "Ak Hunji" were received due to concessional lending. In particular, the IE received two credit lines at 5% per annum with a grace period for the repayment of the principal debt for the reconstruction and modernization of the existing plant.
To create a cattle-breeding complex with its own forage reserve Ak Hunji, has teceived a credit line at 1% per annum, also with a grace period for the payment of the principal debt.
IE "Ak Hunji" has an international certificate ISO 9001: 2015 and exports its products to Ukraine, Georgia, Kyrgyzstan. The company is also working to launch regular supplies to Russia, Kazakhstan, Kyrgyzstan and Afghanistan.
