NaanDanJain’s 2009 Press release
Kibbutz Naan, April 7, 2009 – NaanDanJain Irrigation Ltd. A global technological leader for irrigation solutions announced that it has received a large-scale order for USD 3.5 million from Kazakhstan for two separate projects. The projects are finance by a national holding company of the Kazakhstan Ministry of Finance, which supports the realization of Agro-Industrial projects.
The two projects will span 850 hectares. NaanDanJain CEO, Avner Hermoni: "Kazakhstan has tremendous potential for intensive development of sophisticated agro-technical agriculture" In 2009, the company continues to successfully penetrate CIS countries with large-scale projects. In light of NaanDanJain's technological investments, the company expects sales growth in 2009.
NaanDanJain will provide a full irrigation solution to the two projects in Southern Kazakhstan:
The first: A 700 hectare area of processing tomatoes, which will be irrigated by the recently announced TAL, an innovative thin-walled dripline equipped with advanced labyrinth dripper. This high quality, low-cost dripline provides maximum durability, accuracy and clog resistance and suits seasonal, annual and multi-seasonal row crops.
The second: A 150-hectare apple orchard project, to which NaanDanJain supplies the innovative pressure-compensated, non-drainage PC dripline.
"We are giving special attention to CIS countries" states NaanDanJain CEO, Avner Hermoni: "Kazakhstan has tremendous potential for intensive development of sophisticated agro-technical agriculture. Driven by modernization and growing demand for locally grown vegetables and fruits, the government is investing heavily in the infrastructure that supports the technological move from flood to low-volume irrigation. These projects are door-openers for many more NaanDanJain projects in this area."
A delegation from Kazakhstan has recently visited NaanDanJain's Israel Headquarters to inspect the production capabilities for this and future projects.
In 2008, as part of NaanDanJain's union with Indian Jain Irrigation, the company invested $12.5 million in enhancing its manufacturing capabilities around the world. NaanDanJain has recently unveiled some of the worlds' fastest and most advanced pipeline machines. This investment makes NaanDanJain ready to face the global financial situation. As a result, the company expects growth in sales in 2009.