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Four new confectionary lines to be started up in Kazakhstan

IFC (International Finance Corporation), a member of the World Bank Group, has invested $25 million in a plan to expand KazFoodProducts, a leading Kazakh group operating in the confectionary, baking and grain milling sectors.

The investment will involve the purchase of four new confectionary production lines to be installed in the factory of Bayan Sulu, the division which has been operating in the segment since 1974 with a range of more than 200 products.