Products
Under full design capacity, which should be achieved in 2027, the Plant will have capacity to produce 20,102 tonnes of tomato paste annually. Up to 30% of product is due to be sold domestically in Kazakhstan, with the remainder exported to neighboring countries.
Project description
This investment project (the “Project”) envisages the construction of a full-cycle tomato paste production plant, as well as greenhouse complex in the Zhanakorgan District in Kyzylorda Oblast, 70 km from Turkestan. Current Project status:
- Long-term leases have been signed for the 2,993 ha greenhouse complex site, the 30 ha plant site, for a pumping station with an area of 2 ha, on the river bank for a pumping station with an area of 1 ha.
- Plant and greenhouse equipment suppliers have been determined
- Agreements reached with the authorities to connect to the nearest electricity power station.
- Technical specifications for gas were obtained for the construction of a gas distribution unit for the subsequent supply of natural gas to the plant.
Kyzylorda AGROPlus LLP is part of the Orbis Kazakhstan Holding, via the parent company Orbis Agro LLP. Orbis Agro LLP manages an 11.8 ha vegetable and grain greenhouse complex (up to 80 thousand tonnes per year) in Kyzylorda Oblast.
Market
- In 2022 in Republic of Kazakhstan, the gross tomato harvest was 801 thousand tonnes with CAGR at 1.2% in 2018-2022.
- In 2018-2022 in Kazakhstan tomato yield was 26 tonnes per ha.
- As of 2022, the volume of tomato and processed vegetables consumption in Kazakhstan amounted to 852 and 96 thousand tonnes, respectively.
- In 2022, 91% of the volume of canned tomatoes imported into Kazakhstan (21 thousand tonnes) came from China.
- Advantageous location. Having production based in Kyzylorda Oblast will ensure access to a well-developed and extensive rail and road system to supply both raw materials and finished products to neighboring regions and other CIS countries.
- Import substitution. Plant construction will help supply the market with a high-quality domestic product and reduce imports of canned tomato goods to Kazakhstan, which were at 23 thousand tonnes in 2022. Imports of processed vegetables amounted to 75.1 thousand tonnes in 2022 (78% of the total consumption of processed vegetables in Republic of Kazakhstan).
- Full production cycle and long storage period. A full production cycle helps better control supply chain costs. An automated production management system will control tomato infection and disease risks. The use of high-temperature Cold Break and Hot Break production technology, as well as aseptic bag packaging extend the storage life of tomato paste to 24 months without special storage conditions.
The Project requires investment of US$ 44,068 thousand, of which:
- 80% (US$ 35,255 thousand) – debt financing subject to collateral;
- 20% (US$ 8,814 thousand) – investor participation.
