Qazaqstan Investment Corporation JSC finances expansion project of AsiaAgroFood JSC starch and syrup plant capacity

Qazaqstan Investment Corporation JSC (QIC, a subsidiary of Baiterek National Investment Holding JSC), through a private equity fund managed by BV Management LLP, which is part of QIC’s structure, has financed a project to expand the production capacity of a starch and syrup plant in the Almaty region in the amount of KZT 2 billion.

The financing is aimed at increasing corn processing capacity from 160 to 300 tons per day at the existing facility. The project will significantly boost the output of high value-added products, including starch, molasses, and glucose syrups, which are in demand in both domestic and international markets.

The project is being implemented by AsiaAgroFood JSC, part of the KazFoodProducts LLP holding, and is one of the leading processing enterprises in Kazakhstan’s agro-industrial complex. The company has well-developed production and logistics infrastructure, including its own railway access lines, storage facilities, and modern technological equipment. Its products are supplied to the domestic market and exported to Central Asian countries, China, Turkey, Russia, and Afghanistan.

An additional factor enhancing the project’s investment attractiveness is the company’s experienced and highly qualified management team, which has significant expertise in agro-processing and product distribution in both domestic and international markets.

The project has a strong socio-economic impact, contributing to the development of deep processing of agricultural raw materials, improving food security and the country’s export potential, creating new jobs, and increasing tax revenues.

Another advantage is the integrated production model, which предусматривает the use of by-products of processing in the animal feed segment.

The Fund’s financing will enable the company to accelerate the implementation of its investment program, improve operational efficiency, and strengthen the competitive position of the domestic agro-industrial producer. The AsiaAgroFood JSC project reflects the government’s priorities in supporting agro-processing and developing sustainable production chains in the Republic of Kazakhstan.

For reference:

Qazaqstan Investment Corporation JSC is a fund of private equity funds established in 2007. Its main mission is to promote sustainable economic growth in Kazakhstan by attracting direct investment and supporting projects that contribute to the modernization and competitiveness of key industries. It is a subsidiary of Baiterek NIH JSC. Additional information can be found at https://qic.kz/

BV Management LLP is a subsidiary of Qazaqstan Investment Corporation JSC that invests in fast-growing and innovative companies implementing projects in priority sectors of Kazakhstan's economy.

AsiaAgroFood JSC is one of the largest enterprises in Kazakhstan in the production of syrups, compound feed, and baking flour. The company’s core activities include processing wheat grain into flour and corn grain into glucose-maltose syrups, as well as the production of all types of compound feed.