SEF Altyn-Ajidar II

completed

The project consists of expanding and diversifying the operations of Altyn Ajydar (AA or the company), an existing client of IFC and the leading producer of corrugated carton packaging in the Kyrgyz Republic (KR). It involves the construction, equipping and placing into operation of a cardboard and fluting paper facility with capacity of 8,250 tons p.a., a plastic packaging facility with capacity of 2,400 tons per annum, and the modernization of the existing corrugated packaging plant reaching capacity of 25 million tons per annum. The project will allow AA to diversify into plastic packaging, improve operating efficiencies in the cardboard packaging business through economies of scale and achieve additional savings from import substitution of raw material.