Products
The production capacity is 4,500 units. in year. Planned product range:
- Refrigerator M3 Bar - 900 units;
- Refrigerator M5 - 1,350 units;
- Refrigerator M7 - 2,250 units.
This investment project (the "Project") plans to build a plant for the production of refrigeration equipment similar to the Briskly plant (Leningrad Region, Vyborg) with a capacity of 4,500 units per year. The Project is planned to be implemented in the FEZ "Astana - a new city" in Nur-Sultan.
Company
KazFrost LLP was registered in 2022. The main activity is the production of electrical household appliances. The company was established to implement the Project for the production of refrigeration equipment jointly with Briskly LLC.
Market
- As of 2021, the refrigeration and freezer market was valued at $1.9 billion, up 12% from $1.7 billion in 2020. However, for the period 2017-2021. the average annual rate of market volume decline was -6%. The refrigeration and freezer market is projected to reach $1.4 billion by 2028, with a CAGR of 2021-2028. will be 4%.
- As of 2021, the production of heat exchangers, refrigeration and air conditioning equipment in the Republic of Kazakhstan is 1,095 units, which is -94% less than in 2020 (17,100 units). The average annual rate of decline in the production of refrigeration equipment in the period 2017 - 2021 is -22%.
- Favorable location. The Project is planned to be implemented in the FEZ "Astana - a new city", Nur-Sultan. Participation in the SEZ has a number of advantages: the right to change the deadline for paying VAT on imported goods, the availability of developed infrastructure, proximity to labor resources, utility and logistics services, etc.
- Experience of the Initiator. The project will be implemented jointly with the Russian company Briskly LLC. As part of the Project, Briskly will supply refrigeration preforms for the production of refrigeration equipment. In the future, it is planned that Briskly will become a member of the Company.
For the implementation of the Project, financing in the amount of 7,049 thousand US dollars is required:
- 70% (USD 4,934 thousand) - debt financing (subject to collateral);
- 30% (USD 2,115 thousand) - own funds.
