Plant launch rescheduled in Kazakhstan's industrial zone

Business Materials 6 June 2019 12:25 (UTC +04:00)

Baku, Azerbaijan, June 6

By Nargiz Sadikhova - Trend:

The launch of the metallurgical plant within the Ontustik industrial zone in Kazakhstan’s Shymkent city was moved to 3Q2019, Trend reports via LS news agency.

“Originally planned for March 2019, the launch of the manufacturing was moved due to the shortage of foreign experts,” the report said.

The project is being realized via own assets of Amir-A (Sin Yuan Steel). The total cost of the plant amounts to $50 million tenge.

The construction of the plant was launched in 2017 and is currently finished.

“Some 500 people will be employed following the launch of the plant,’ the statement said.

“The estimated capacity of the plant is 500,000 tons of manufactured goods a year,” reads the message.

Furthermore, some 50 percent of the manufactured goods is to be exported to Tajikistan, Uzbekistan, Turkmenistan, Kyrgyzstan and Russia.

(1USD = 384.94 KTZ on June 6)


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