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St. Petersburg’s Penoplex wants to monopolize Kazakh frost protection market

05 august 2011, 18:29
Photo courtesy of  teplov.ru
Photo courtesy of teplov.ru
St. Petersburg Penoplex wants to drive imported frost protection materials from the Kazakh market and fully monopolize it, according to Komersant newspaper.

The company is expanding its production capacities in Kazakhstan. It has launched the second line producing building insulation materials worth $3.3 million. The Penoplex plant in Kapshagay (a town near Almaty) was built in 2008. Initial investments made $14.2 million. The newly built second line doubled the plant’s output t0 140 thousand square meters of building insulation material a year.

“Kazakhstan’s construction market is reviving, infrastructure is development, government is working to modernizer housing and utilities facilities and the country needs modern and efficient construction materials and construction technologies. That is why we decided to launch the second line,” the company’s message reads.

Right now the share of the Russian company makes 82% in the Kazakh market and 56% in the Russian market.

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