Products
- Cooking surface – 185 thousand pieces
- Oven - 185 thousand pieces
- Ottima 50 G plate - 85 thousand pieces
- Apetito F90G plate – 42 thousand pieces
The project provides for the construction of a factory for the production of kitchen stoves in partnership with Artel (Uzbekistan) with a capacity of 500 thousand units of finished products per year. The project is planned to be implemented in the Special Economic Zone "Turkestan" in Turkestan on a land plot of 22 hectares.
Company
Orbis Kazakhstan LLP is a multidisciplinary Kazakhstani company that unites dozens of enterprises and organizations in various sectors of the economy. The production of kitchen stoves is planned in partnership with Artel, a leader in the production of household appliances and electronics in Central Asia. Currently, the company produces more than twenty categories of household appliances, including air conditioners, microwave ovens, mini-ovens, gas and electric stoves, etc.
Market
- As of 2020, the market for kitchen appliances was estimated at $250.6 billion, which is 5.6% more than in 2019. According to forecasts, the market of kitchen appliances will reach $ 378 billion by 2027, while the average annual growth rate of the market in the period 2020-2027 will be 6%.
- In 2020, the volume of household appliances produced in Kazakhstan in value terms reached 800 million tenge, which is 15% less compared to 2019. At the same time, the average annual growth rate of the market was 3.6% in the period from 2016 to 2020. The main driver of the home appliance market in the Republic of Kazakhstan is the growth of commissioning of residential buildings. The total area of commissioned residential buildings reached 15 million square meters, an increase of 17% compared to 2019.
- Advantageous location. Turkestan region has an extensive road transport and logistics infrastructure. There are highways of republican and regional significance in the region with access to the regions of Uzbekistan (Tashkent), the cities of Kyrgyzstan (Bishkek) and the cities of Kazakhstan (Shymkent, Taraz, Almaty, Kyzylorda, Zhezkazgan). The engineering infrastructure (electricity, gas and water supply) is connected to the land plot.
- Flexible pricing policy. Currently, mainly imported household appliances enter the Kazakh market. When establishing own production of these goods in Kazakhstan, the cost of production will significantly decrease, as transportation costs, taxes and customs duties will be reduced.
The Project requires financing in the amount of 65,424 thousand US dollars:
- 78.76% (51,528 thousand US dollars) - debt financing (if collateral is available);
- 21.24% (13,896 thousand US dollars) - own funds.
The proposed financing structure and measures of state support are indicative, the final structure of financing and participation in the Project will be determined based on the results of joint negotiations with the investor.
