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THE OPENING OF THE FIRST PLANT FOR PRODUCTION OF WIGS IS PLANNED IN KYRGYZSTAN

10.09.2018

The Director of the investment promotion and protection Agency of the Kyrgyz Republic Shumkarbek Adilbek uulu visited the training center of the company LLC "Eura Kyrgis Hear" which started its operations in the Kyrgyz Republic, located in the city of Kant.

The company is the first company in the Kyrgyz Republic which produces wigs. The project represents the production of handmade wigs to order for the Japanese market and in case of successful implementation of this project, it is planned to create jobs for 500 people from the local population of Kant. The Korean investor chose Kant because of its proximity to the capital as well as the number of young people. Currently, the investor team hires and trains people at senior level positions, which in turn will train the remaining 500 people.

The Director of IPPA KR and the General Director of LLC "Eura Kyrgyz Hair" discussed the production process as well as the current lack of engaged employees by 20 posts. In turn, Shumkarbek Adilbek uulu offered to assist and hold appropriate negotiations with local authorities and to attract representatives from the center of amusement of the city hall of Kant after which interested future employees will be hired from the Lyceum and other technical colleges.

For reference: Eura Kyrgyz Hair is a company that was established in the Kyrgyz Republic by a Korean investor who also invested in Eura Myanmar Hair in Myanmar (former Burma). The company's operations in Myanmar were established 10 years ago and also helped to promote Myanmar's investment potential to other Korean investors who also produce wigs. Unfortunately, when entering new businesses in Myanmar, operating expenses started to grow which were caused by the ordinal factors of the market and other competitors. This led to the fact that the Korean investor began to look for a new location for the construction of a new plant and his research led to Kyrgyzstan.

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