“KazakhExport” Export Insurance Company (a subsidiary of “Baiterek” Holding) gave support to “KSP Steel LLP” LLP on the products export to the Russian Federation.

"KSP Steel" LLP is the first Kazakhstan enterprise on the production of seamless steel pipes for the oil and gas industry. The company exports products to the near and far abroad countries, including USA, Russia, Uzbekistan and Belarus, in addition to the domestic market supplies.

The deal was made by the national company “KazakhExport” jointly with SB “Alfa-Bank” JSC under the export trade financing scheme in the amount of 450 million Russian rubles.

Export trade financing is a tool of the national company "KazakhExport" to stimulate the demand for Kazakhstan products from foreign buyers. It is provided to foreign companies for the purchase of Kazakhstan goods through the Kazakhstan Banks.

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The mission of “KazakhExport” Export Insurance Company” JSC is to support the growth of non-oil and gas goods, works and services export in the priority sectors of the economy and the formation of financial and insurance and non-financial support practice of Kazakhstan enterprises.

SB “Alfa-Bank” JSC is a subsidiary of Russian “Alfa-Bank” JSC and is a member of ABH Holdings S.A., represented in Russia, Ukraine, Belarus and the Netherlands. Alfa-Bank has an impeccable business reputation and has been operating since 1994, being the first Russian bank in Kazakhstan.

"KSP Steel" LLP is the first Kazakhstan enterprise on the production of seamless steel pipes for the oil and gas industry. The production center of the company is located in the city of Pavlodar, where the official opening of "KSP Steel" plant was held with the participation of the President of the Republic of Kazakhstan in December 2007. The total area of production facilities of the enterprise, which employs more than 4,500 professionals, is about 168 hectares.