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Autoclave gas blocks plant construction launched in Kazakhstan's Turkestan

Business Materials 22 April 2021 16:49 (UTC +04:00)
Autoclave gas blocks plant construction launched in Kazakhstan's Turkestan

BAKU, Azerbaijan, Apr. 22

By Nargiz Sadikhova - Trend:

The construction of a new plant for the production of autoclave gas blocks has begun in Kazakhstan’s Turkestan region, Trend reports citing Kazakhstan’s KAZAKH INVEST National Company, which supports the project.

The project is being implemented by the Kazakh RZN LLP company.

The project is to be implemented in two stages before the end of 2022. The launch of the first stage of the project with an investment of 1.5 billion tenge ($3.4 million) is planned for the first half of 2021. The production capacity will be about 73,000 square meters of products with the launch of the project’s first stage.

At the second stage, investors plan to invest about 6.5 billion tenge ($15.01 million) and expand production to 150,000 square meters per year, with an increase in the number of staff to 180 people.

The design capacity of the project is to be reached by 2029. The project is being implemented at the Badam industrial zone, which allows the investor to receive a number of benefits and preferences, as well as the necessary investment site and infrastructure.

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Follow the author on twitter: @nargiz_sadikh

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