Products
The launch of the production of thermal insulation boards made of extruded polystyrene foam XPS is planned in 2023, reaching the design capacity in 2024. The production capacity is 200 thousand cubic meters. m.
Project
The project provides for the construction of a plant for the production of thermal insulation boards from extruded polystyrene foam XPS with a capacity of 200 thousand cubic meters of finished products per year. The project is planned to be implemented in the Special Economic Zone "Astana Technopolis" in Nur-Sultan, Akmola region.
Company
Makwool LLP was created to implement a project for the production of thermal insulation material from XPS.
Market
- In 2020, global revenue from the sale of thermal insulation materials amounted to $27.8 billion, an increase of 0.7% compared to the previous year. According to Mordor Intelligence forecasts, the average annual growth rate of the thermal insulation materials market (CAGR 2020-2025) will be 4.45%.
- The average annual domestic consumption of thermal insulation materials in the Republic of Kazakhstan amounted to 74.8 thousand tons during the period 2016-2020. Domestic production for the same period averaged 70.5 thousand tons. The growth of production and consumption is due to the development of the real estate market in Kazakhstan. By the end of 2020, the volume of exports and imports of thermal insulation materials in the country amounted to 14 tons and 2.4 thousand tons, respectively.
- High-quality products. XPS is characterized by chemical resistance, high compressive strength, water and vapor resistance, as well as resistance to mold and fungi.
- Geographical location. The project has an advantageous economic location in terms of production capabilities. The urban agglomeration of Nur-Sultan has an extensive road transport and logistics infrastructure. There are highways of republican and regional significance in the region with access to the regions of the Russian Federation (Chelyabinsk and Yekaterinburg) and cities of Kazakhstan (Petropavlovsk, Karaganda, Pavlodar, Aktobe).
The Project requires financing in the amount of 18,025 thousand US dollars:
- 70% (US$ 12,617.5 thousand) - debt financing (if collateral is available);
- 30% (5,407.5 thousand US dollars) - investor participation.
The proposed financing structure and measures of state support are indicative, the final structure of financing and participation in the Project will be determined based on the results of joint negotiations with the investor.
