Kazakh bank allots 1.1 bln loan to produce meta-aramid fiber
KOSTANAI. July 21. KAZINFORM /Pyotr Plakhotnikov/ The Board of Directors of the Development Bank of Kazakhstan resolved allotting a KZT 1.1 billion loan to Kazkhimvolokno company. The loan is expected to cover the realization of the project on production of meta-aramid fiber “Arnix” in Kostanai, Kazinform reports. Prime Minister of Kazakhstan Karim Massimov who paid a working visit to Kostanai last week surveyed the project on production of the meta-aramid fiber. The Head of the Kazakh Government highly estimated the revival of the Kostanai chemical plant and said the state would support the output of the unique product. Only three countries in the world, namely Kazakhstan, Japan and the U.S., own the know-how of the meta-aramid fiber.