Baiterek Holding and Tiryaki Agro forge partnership for agricultural processing plant

Chairman of the Board at Baiterek Holding, Nurlan Baibazarov, recently held a meeting with Tiriyaki Agro's Chief Financial Officer, Tatar Turkay. They discussed plans for establishing a cutting-edge grains and legumes processing plant.

Tiriyaki Agro, a prominent Turkish company with a turnover exceeding $2.5 billion, specializes in the processing and marketing of agricultural products across 4 continents and 11 countries. The company sources products from over 40 countries and distributes them to more than 50 countries.

During the meeting, Tatar Turkay highlighted the pioneering nature of the project, marking the first of its kind in the Commonwealth of Independent States (CIS). The initiative entails the production of 30 thousand tons of glucose, 45 thousand tons of fructose (previously not produced in the region), 22 thousand tons of "live" gluten, and 110 thousand tons of starch annually. He underscored the significant export potential, with plans to export the products to Turkey, Canada, the USA, and other countries.

Nurlan Baibazarov emphasized the strategic importance of creating processing facilities in the agro-industrial sector, particularly focusing on the deep processing of grains. This aligns with Baiterek Holding's overarching investment priorities.

The project will be executed through a subsidiary of Baiterek Holding, the Development Bank of Kazakhstan. Anticipated as a substantial stride in the development of Kazakhstan's agricultural sector, the initiative is expected to foster stronger economic ties between Kazakhstan and Turkey.