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Investments in manufacturing industry of Kazakhstan’s Kyzylorda region soar

Business Materials 13 February 2019 15:37 (UTC +04:00)

Baku, Azerbaijan, Feb. 13

By Rashid Shirinov – Trend:

Investments in the manufacturing industry of Kazakhstan’s Kyzylorda region increased by 37.6 percent in 2018, Trend reports via Kazakh media.

"The main task set by the head of state and that we set ourselves in 2013 is to diversify the economy through industrialization. We are purposefully implementing this strategy," the governor of the region Krymbek Kusherbayev said.

He noted that 19 out of 24 projects implemented as part of the State Program of Industrial and Innovative Development have mastered 50-100 percent of the planned capacity.

"The volume of their production and exports has increased by a third over the past year," Kusherbayev said.

The governor also noted that in December 2018, one of the largest plants in Kazakhstan for the production of oil well cement was launched ahead of schedule.

To date, the enterprise has already produced more than 11,000 tons of clinker, the main component for cement production, and from April the plant will also produce cement.

"In addition, in October 2018, the project for the construction of a mining and processing plant at the Shalkiya lead-zinc deposit was launched. Work has also begun on a project to build a soda ash plant in Aral," Kusherbayev said, adding that the issue of supplying the plant with engineering infrastructure is currently being worked out.

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