Singapore's CG Corp Global TNC implements the food industry project with the creation of 150 jobs
With the assistance of Kazakh Invest, negotiations on the acquisition of the local instant noodles production plant Lotus in the Turkestan region were successfully concluded. Singapore transnational corporation CG Corp Global appeared the investor.
This company has a 140-year history and is present in 30 countries. The group of companies CG Corp Global includes 120 companies and 76 brands, which operate in different directions as food industry, hotel business, telecommunications, electronics and others with a total of more than 10 thousand employees.
On the eve, Kazakh Invest national company organized the visit of the Chairman of the board, the main founder of the company, Binoda Chaudhary, to the Kazygurt district. It is planned to increase production capacity and introduce international quality standards at the Lotus operational plant. In addition, a food production line will be launched on the territory of the company.
In Astana, at a meeting with Saparbek Tuyakbaev, Chairman of the Board of Kazakh Invest, the representative of CG Corp Global, Brizh Lodha, noted that currently there are 22 people working at the operational production; after the transaction, the number of the employed will be increased to 150 people
We produce quality noodles according to the world standards, we annually produce 2 billion pieces of products. In Central Asia, Kazakhstan is the most profitable place, here there is the main raw material - this is quality flour. And we think, it will be very profitable: to produce here and export from Kazakhstan to Russia and the countries of Central Asia, Brizh Lodha emphasized after the meeting.
The estimated cost of the project is 15 million US dollars. The products will be manufactured under the Wai-Wai noodles brand.