“Rakhat” JCS launched a new line of biscuits in Shymkent

On September 22, 2020, Rakhat JSC began production of sugar biscuits at production site 2 in Shymkent. The launch of the line was the second stage of the Memorandum of Cooperation signed between the Akimat of Shymkent and Rakhat-Shymkent LLP in April last year. The investments amounted to 3.2 billion tenge. 35 new job places were created. The production capacity of the equipment is 12 thousand tons of products per year. Konstantin Fedorets, the Chairman of the Board of “Rakhat” JSC commented: “The presence of sustainable demand for “Rakhat” confectionery products means that our products is in demand and competitive. The launch of a new production line is the possibility to
satisfy the demand for our biscuits that comply with all world quality standards, and to create new job places. In addition, we pay more taxes to local budget as well. In the nearest future the company plans to expand the products assortment. We are currently working on completely new types of biscuits. The launch of the new line was initiated under the investment program developed in cooperation with our major shareholder “Lotte Confectionery” which is the largest confectioneries’ producers in the world. The company plans to further increase production rates of “Rakhat-Shymkent” LLP.