The memorandum of creation of joint venture on production and installation to farmers of systems of a drop irrigation is concluded between Kazagro Holding the Irrifrance Company (France) and JSC Kazakhstan Inzhiring Oil Company.
On the basis of the held negotiations of the party came to a consent about creation of the joint Kazakhstan-French enterprise for production in Kazakhstan modern irrigational systems and the equipment for needs of agro-industrial complex of our country.
With assistance of Kazagro National holding two companies for implementation of this project are joint and further the Holding will render assistance to joint venture in the form of consultations on measures of the state support, development of credit products for the farmers, wishing to acquire irrigating systems, to inform local executive bodies and farmers on possibility of financing for equipment and equipment acquisition in leasing and the credit.
We will remind that for attraction of direct investments for creation of productions in the sphere of an agrosekotor of Kazakhstan, the Kazagro National holding carries out work on search of leading foreign producers of agricultural production and the Kazakhstan partner ready together with the foreign company to organize output in Kazakhstan. This action is a bright example of realization of the purpose.
The Irrifrance company is the leader on production of equipment for an irrigation in Europe, the share of the market of production of “Irrifrance” makes about 42%. More than 60% of a turn are made by production export that does the Irrifrance company to one of leaders of producers of agricultural machinery, including equipment on an irrigation in the world,
“KAZAKHSTAN ENGINEERING” is the national company created for participation in realization of a state policy in the field of mechanical engineering, incorporating 27 large plants and joint ventures. Specializes on output and services for the customers representing oil and gas, railway, agro-industrial, heat power complexes, and also on production and repair of arms and military equipment.
JSC National Operating Holding Kazagro realizes a state policy on development of agro-industrial complex of Kazakhstan by ensuring effective management with investment assets of the companies entering into its structure.
JSC Kazagrogarant and JSC Kazagromarketing are a part of holding of JSC Prodovolstvennaya kontraktnaya korporation National Company, JSC Kazagroprodukt, JSC Kazagrofinance, JSC Agrarian Credit Corporation, JSC Fund of Financial Support of Agriculture.