December 29. Information Center - The construction of the
ferroalloy and sinter plants has been launched as part of the Business Roadmap
2025 initiative in Karaganda, The Astana Times reports referring
to the regional press service reported.
The production capacity of the plants are 57,000 tons of
ferroalloys and 240,000 tons of sinter per year.
100-percent locally sourced content is a significant factor
of these projects, said Founder of Qaz Carbon Company Yerlan Nigmatulin at the
presentation of the project on Dec.22.
The products will be completely export-oriented. The list of
expected export countries includes the United States, Europe, Japan, Korea,
Turkey and the Commonwealth of Independent States (CIS).
“The projects will increase the export potential and
contribute to the economic growth. Manufacturing processes will be
environmentally friendly due to a gas cleaning system and waste minimization,”
construction, more than 1,000 jobs will be created, and 400 jobs will be
created when the plant will be commissioned. The production process will be
be noted that the YDD Corporation ferroalloy plant is already operating in the
of the new ferroalloy plant inKaragandais an indicator of the development
of the metallurgical industry and a positive trend in the country’s investment
attractiveness. We believe that these ferroalloy products will also be in
demand on the world market,” said Foreign Founder of Qaz Carbon Company David Kemertelidze.
construction projects cost 36.8 billion tenge (US$87 million). The project is
co-financed by the Development Bank of Kazakhstan (DBK) and the Qaz Carbon
the Board of DBK Abai Sarkulov noted that the DBK supported the project because
it meets the bank’s requirements in three key areas – import substitution,
export potential and high productivity.
his state-to-the nation address on Sept.1, Kazakh President Kassym-Jomart
Tokayev said that investment activities and export promotion of local goods and
services are a priority for the government. Productivity growth was named one
of the basic principles of the new economic course.