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Georgia makes investments in Kazakhstan's production of ferroalloys

Business Materials 18 January 2021 21:57
Georgia makes investments in Kazakhstan's production of ferroalloys

BAKU, Azerbaijan, Jan. 18

By Tamilla Mammadova – Trend:

In the Kazakh city of Karaganda, the YDD Corporation company has launched the fifth largest factory in the world in the field of ferrosilicon production, worth $95 million, Trend reports via Georgian media.

YDD Corporation is the fifth largest ferrosilicon producer in the world, launched by Georgian and Kazakh investors in Kazakhstan in July 2019 ($95-million investment, 550 employees and 180,000 tons of high quality ferrosilicon produced annually).

Davit Kemertelidze, together with his partners Yerlan Nigmatulin and Jarmohamed Apaz, has successfully launched a ferrosilicon plant in Karaganda, and the products produced there are now exported from Kazakhstan to 37 countries.

"The competition in Kazakhstan is great in this field, but the advantage of our factory lies in its high technology and environmental friendliness. As you know, our factory produces high grade ferrosilicon, FeSi-75. The plant produces 180,000 tons of products annually and employs 550 people. In addition, the plant is equipped with modern technologies, which minimizes the harmful effects on the environment. Exhaust emitted during production through these installations is 99.8 percent cleaned of harmful gases," he said.

According to Kemertelidze, the wastewater treatment system filters out industrial dust and converts it into a product, specifically microcrystalline, which is used in the construction industry to produce high quality cement.

''I have ferroalloy enterprises in Georgia. My company - "Chiaturmanganum Georgia" has been actively operating on the market since 2008, one of the latest projects of which is the agglomeration plant with an annual capacity of 240,000 tons. It has been in operation since 2019. The company employs 550 people," he noted.

First of all, it must be said that a lot of attention is paid to investment projects in Kazakhstan, he said.

"The legal framework for the successful implementation of such projects has been created and a special tax regime is in place. Kazakhstan is also rich in raw materials, which are needed for the production of ferroalloys,'' added Kemertelidze.

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