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The 5th Business Forum of Conference on Interaction and Confidence Building Measures in Asia (CICA), 10-11 of November 2016, Astana, Kazakhstan

Makhambet Asabayev: "We confidently compete with Chinese manufacturers!"

March 5, 2015 7:03 pm

Noise of machines, overlock deft movement, production of more 2000 pairs of work gloves a day. Activities in the workshop of LLP KazComfort starts from early morning.

The idea of own production come up to director Makhambet Asabayev not by chance. Prior to this businessman’s team engaged in the supply of similar products from other countries.

- When we were selected a niche of production we have studied the market in detail, conducted market research. We concluded that in our region, these gloves are not produced they were taken mainly from China and Russia, while demand from kazkhsani for such products exist, - says head of enterprise.

Makhambet accidentally heard about business support programs in the media, and addressed to the "Damu" Fund for further advice. When experts helped him to write a business plan, doubts were dispelled and our hero hit on the idea to start production even more, but the money was not enough for realization. Lifeline was the participation in the grants competition. The fight was not easy, but not in vain.

- On received 3 million tenge, we managed to acquire the first 4 machine. It was good beginning but I could not stop there. Therefore I decided to take a loan of about 17 million tenge. I once again addressed for the help the "Damu" Fund. Subsidy program allowed to reduce % interest rate on the loan and guarantee one replaced collateral. Part of the money I invested by myself - says Makhambet.

Today, in production workshop, which has opened in February this year - 20 machines. The company employs seven workers. Production capacity - 2500 pairs of gloves per day. The range - products with PVC-coated and gel, which does not allow a hand to slide in glove.

- We are confidently compete with Chinese manufacturers and are not afraid to reduce the price by 2-3 tenge. Even so, the company will stay afloat. We will compare favorably producing products of different colors and quality. We are ready to put on gloves names of other companies, if there will be orders, - said entrepreneur.

In Makhambet’s plans - search for new clients, expanding staff to increase production capacity to 5,500 pairs of gloves per day by the autumn of this year.