BAKU, Azerbaijan, Dec.6
By Nargiz Sadikhova - Trend:
Germany’s Linde Aktiengesellschaft (Linde AG) transnational chemical company intends to invest another 80 million euros in production of technical gas in Kazakhstan, Executive Vice President of Linde AG Christian Bruch said, Trend reports with reference to the press office of Kazakhstan's president.
Bruch made the statement during the meeting with Kazakhstan's President Kassym Jomart Tokayev. During Tokayev's two-day long official visit to Germany, he held a series of meetings with representatives of German business.
Thus, Bruch informed Tokayev about the Linde AG's activities in Kazakhstan and its future plans.
Bruch informed that in 2013 Linde AG launched the production of technical gas on the basis of Arcelor Mittal Temirtau JSC in Kazakhstan, investing about 95 million euros ($105.5 million) into this project.
“Today, Linde AG is implementing the second phase of the project and intends to invest another 80 million euros ($88.8 million),” he added.
In addition, Bruch noted that German businessmen are negotiating with KazMunayGas JSC the construction of a gas processing plant in Zhanaozen city in Kazakhstan's Mangystau region.
In turn, during the conversation with Cathrina Claas-Mühlhäuser, Chairman of the Supervisory Board of CLAAS Group, Tokayev discussed implementation of joint investment projects. CLAAS Group is represented in Kazakhstan by CT Agro distribution network, which sells agricultural machinery and maintains its service.
“Our strategy is to diversify investments that come from many countries. We would like to make Germany the main strategic partner in terms of investments,” Tokayev said.
Cathrina Claas-Mühlhäuser expressed satisfaction with the fact that Kazakhstan intends to develop cooperation not only with large but also with medium-sized companies.
The prospects of mutual cooperation were discussed at a meeting with Klaus Rosenfeld, CEO of the Schaeffler Group. The company specializes in the production of components for the automotive and astronautics industry. German businessman told the Kazakh president about the production and investment opportunities of the Schaeffler Group.
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