Nazarbayev visited Ust Kamenogorsk Valve Plant

This plant is a part of Business Road Map 2020. According to Chairman of the Board of JSC "Ust-Kamenogorsk Valve Plant" Nikolai Greznev, the administration of the plant has taken out two loans totaling KZT 6 billion from Sberbank of Russia at 12% per annum and Fund "Damu". The regional Akimat compensates for 8 percent interest rate. This allowed to purchase modern equipment of high efficiency - processing centers of Italian and Czech production, Swedish automatic welding units. The modernization has improved the range of products, allowed to master the production of ball valves of different diameters for the gas industry of Kazakhstan and Russia. This year, the plant is involved in the Caspian Pipeline Consortium, whose shareholders are KazMunayGas and Russian Transneft.

The plant also supplies production to the major oil and gas concerns Lukoil, KazTransOil, KMG EP, Intergas Central Asia, etc.