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Launching of new production facility - "Rakhat-Shymkent" LLP

Opening ceremony was held on October 22, 2015 in Shymkent city. Mr. Kim Yong Su President of Lotte Confectionery, Mr. No Mang Ko Chairman of the Board of Directors of "Rakhat" JSC, Mr. Zenkov A. S. Chairman of the Board of "Rakhat" JSC, Mr.  Cho Yong Chong Ambassador of South Korea in Kazakhstan, Mr. Khairov E. K. Chairman of Kazakhstan investments Committee MIR, Mr. Tuyakbaev S. K. Deputy Akim of South Kazakhstan region, Mr. Kucherov N Deputy Akim of Shymkent  city and others attended the ceremony.  

Modern equipment of European manufacturers was installed in the process facilities. Wafer line and biscuits production lines were commissioned; their total capacity is 9 thousand tons per year. Production area of the company is capable for gradual extension of additional 12 new production lines.

Product range is expanded - company will bring new products of wafers, crackers and cookies to the market. Opportunity to produce Lotte products in the future is also under consideration.

Introduction of new production lines will enable to produce high-quality, competitive products, satisfy republic population needs in confectionery products, create more working places. This project will have positive impact in development of food industrial sector of the economy; will entail various taxes payment to the state budget, thus contributing to economic development of the country as a whole.

Short briefing was held after production site visit.

Day of Rakhat Shymkent production site launching is a day when "Rakhat" JSC confirmed its leading position in the confectionery market, - said President of Lotte Confectionery Mr. Kim Yong Su.

We believe that new production facility in Shymkent will make significant contribution to our company strategic goals achievement not only in Kazakhstan but in Central Asia also. Kazakhstan becomes the most important focal point for Lotte Confectionery in Central Asia market. "Rakhat" JSC is our foreign subsidiary with the largest volume of sales, and we set large expectations in that. As the higher our expectations so the greater our plans to support and invest to this company.

Upon instruction of Head of the state in frames of industrial-innovative development program implementation in country, Ministry of investments and development of Kazakhstan and "KAZNEX INVEST" JSC maintains systematic work with existing foreign investors in Kazakhstan who intends to invest additional means into production activities expansion, - he said.

South Korean company "Lotte" is one of those investors. We shall note that means invested today, 3.2 billion tenge – this is reinvestment that testifies our country credibility, desire to develop here, as well as satisfactory investment climate – noted Yerlan Khairov Chairman of Kazakhstan Investment Committee. 

Ambassador of South Korea in Kazakhstan Mr. Cho Yong Chan noted that cooperation of "Rakhat" JSC and "Lotte" is prime example of successful cooperation of Kazakhstan and Korean business.