Jambyl Cement LLP

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The proposed project will support the expansion of the cement activities of the Vicat Group (Vicat), the third largest cement company in France, through a financing package to Jambyl Cement Company, in Kazakhstan to finance the construction of a greenfield, state-of-the-art dry-process 1.1 million tons per annum (mtpa) cement plant which will be located in Mynaral, Kazakhstan. Based on the anticipated growth in the cement market in Kazakhstan and the need for updating the country’s existing production capacity which is based on the more polluting and less efficient wet kiln process, Vicat Group has recently acquired 60% of Anys Invest LLP which owns 100% of the Jambyl Cement Production Company LLP, while JSC Kazkommerts Invest (KKI) owns the remaining 40% of Anys Invest LLP.