Two more plants to be launched in Kazakhstan

Business Materials 3 June 2019 14:12 (UTC +04:00)

Baku, Azerbaijan, June 3

By Nargiz Sadikhova - Trend:

Projects on recycling and processing plants will be launched in Kazakhstan’s in Ontustik industrial zone of Kazakhstan’s Shymkent city, Trend reports citing LS news agency.

“The first project is the plant on recycling the industrial steel waste. The estimated cost of the project is 59 million tenge,” the report says.

“The second project is the plant on initial processing of wool,” the statement reads. “The project is being realized from its own resources and the cost of the project amounts to 190 million tenge.”

According to the source, the construction of the plant is underway. Some 45 new work places are to be created. The venture is to start operating in 2020.

"The manufactured product is to be exported to China and Russia in the quantity of 1,000-1,200 tons. First batch is to be exported in 2020," the news report says.

(1USD = 383.59 KTZ on June 3)


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