Export insurance company KazakhExport (a subsidiary of the Baiterek National Holding Company) supported KSP Steel LLP to export products to the Russian Federation.

KSP Steel LLP is the first Kazakhstan enterprise for the production of seamless steel pipes for the oil and gas industry.

In addition to deliveries to the domestic market, the company exports products to the near and far abroad countries, including the USA, Russia, Uzbekistan and Belarus.

The deal was made by KazakhExport NC jointly with Subsidiary Bank Alfa-Bank JSC under the scheme of export trade financing for the amount of 450 million Russian rubles.

Export trade financing is a tool of KazakhExport national company to stimulate demand for Kazakh products from foreign buyers. It is provided to foreign companies for the purchase of Kazakh goods through Kazakhstani banks.

For reference: The mission of Export Insurance Company KazakhExport JSC is to support the growth of exports of non-primary goods, works and services in priority sectors of the economy and the formation of the practice of financial and insurance and non-financial support of Kazakhstan enterprises.

Subsidiary Bank Alfa-Bank JSC is a subsidiary of the Russian Alfa-Bank JSC and is a member of ABH Holdings S.A., represented in Russia, Ukraine, Belarus and the Netherlands. Alfa-Bank has an impeccable business reputation and has been operating since 1994, being the first Russian bank in Kazakhstan.

KSP Steel LLP is the first Kazakhstan enterprise for the production of seamless steel pipes for the oil and gas industry. The production center of the company is located in Pavlodar, where in December 2007 the official opening of the KSP Steel plant took place with the participation of the President of the Republic of Kazakhstan. The total area of ​​production facilities of the enterprise, which employs more than 4500 professionals, is about 168 hectares.

 

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