Clearly defined corporate values help Kazakhstan Kagazy employees to move in the same direction. United under the common mission and goal, our workers daily find solutions to the most difficult problems, working smoothly and efficiently.
Production of paper and corrugated packaging
Kagazy Recycling paper mill, located on the outskirts of Almaty, is the only plant in Central Asia producing paper out of recycled waste paper.
Finished goods storehouse
Kagazy Recycling products take the leading place on the local market. The company owns more than 50 percent of the market share, which makes it the absolute leader of the paper industry in Kazakhstan.
Products quality control
Production experts conduct quality control in accordance with the approved standards.
In 2009 the Company defaulted on its debt obligations. Immediately after that the Company started to restructure its indebtedness. Please refer to the following table to obtain information about current status of debt restructuring. Please also read Press Releases which highlight step by step achievements of the Company on debt restructuring.
Type of Debt
Prior Terms
Restructured Terms
% of Total Debt
Currency
Amount (USD m equivalent)
Int rate / Coupon
Maturity
Currency
Amount (USD m equivalent)
Int rate / Coupon
Maturity
Domestic Bonds
KZT
102
8% - 13%
2013
KZT
114*
6%- 13%
2026- 2028
46%
Bank Loans
EUR and USD
35
14%- 17.5%
2013
KZT
35
12.5%
2013- 2020
14%
EBRD Loan
EUR
37.8
Euribor + 4%
2014
Principal terms have been agreed, subject to final documentation
15%
DBK Loan
USD
59.2
10%
2017- 2020
Principal terms have been agreed, subject to final documentation