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Kazakhstan's ore extracting companies looking to expand export markets

Business Materials 14 April 2020 18:57 (UTC +04:00)
Kazakhstan's ore extracting companies looking to expand export markets

BAKU, Azerbaijan, Apr.14

By Nargiz Sadikhova - Trend:

Iron ore production in Kazakhstan increased by 22.2 percent in 1Q2020 compared to 1Q2019, Kazakhstan’s Minister of Industry and Infrastructural Development Beibut Atamkulov said, Trend reports with reference to the press office of Kazakhstan’s prime minister.

Atamkulov said that industrial production increased by 5.8 percent in 1Q2020, including in mining by 5 percent, in processing by 8.8 percent. Increase of industrial production persist in 15 regions.

He added that non-ferrous ores output increased by 8.1 percent. The volume of coal and lignite production increased by 0.2 percent. The ferrous metallurgy production volume increased by 1.5 percent.

“Due to the coronavirus infection pandemic both in the country and in other countries of the world, as well as the current situation on the metal market and redistribution of export potential, ArcelorMittal Temirtau JSC and the ERG Group of Companies are considering alternative sales markets in order to ensure production stabilization and continuous sale of extracted goods,” the minister said.

In the engineering industry, production increased by 30.4 percent due to an increase in production volumes of vehicles, trailers and semi-trailers by 69.5 percent, machinery and equipment not included in other categories by 20.7 percent, electrical equipment by 17.8 percent, production of other vehicles by 53.6 percent, repair and installation of machinery and equipment by 6.2 percent, and computer production by 9.6 percent.

According to the minister, production in the pharmaceutical industry grew by 32.2 percent, in light industry by 14.2 percent, textiles by 12.3 percent, leather and related products by 18.9 percent and clothes by 14.7 percent.

Currently, a number of normative legal acts and systemic measures are being taken to develop the industry within the framework of ‘Economy of Simple Things’ program.

For the transport complex, the physical volume index for the 1Q2020 amounted to 98.7 percent, the physical volume index for construction in 1Q2020 amounted to 111.7 percent.

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