11 Aug 2009 15:33

KazAgroFinance to buy $73 mln worth of grain harvesting equipment in 2009

ALMATY. Aug 11 (Interfax) - KazAgroFinance, which is part of the KazAgro national holding, has signed agreements on the purchase of 700 units of grain harvesting equipment for a total of about 11 billion tenge (roughly $73 million), the company said in a press release.

Russia's Rostselmash and Agromashholding, the country's traditional farm machinery suppliers, will supply large amounts of equipment to Kazakhstan this year. In addition, Kazakhstan has signed contracts on supplies of combines from John Deere and Germany's Claas, and Kazakh producers have also bought Essil machinery, the statement says.

KazAgroFinance was founded in 1999. The company offers leasing and credit services in the agricultural sector. It uses budget funds from foreign financial institutions in addition to its own capital.