EBRD lends US$ 10 million to Eurasian Machinery Kazakhstan
Kazakhstan, Nov. 2 -- The European Bank for Reconstruction and Development (EBRD) is improving the efficiency of agriculture, construction, infrastructure and mining in Kazakhstan and across Central Asia by supporting the operations of Eurasian Machinery Kazakhstan (EMK), a leading supplier of excavators and other specialist equipment.EMK, an official distributor of Hitachi Construction Machinery and other internationally recognised brands of industrial machinery, will use an EBRD loan of up to US$ 10 million (€8.9 million) to meet its long-term working capital requirements. The funds will help the company to better manage its warehouse stock, acquire spare parts for its repair and rebuild operations, and expand its service department...
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