Chinese Company To Build $1.2 Billion Steel Plant In Kazakhstan
Illustration: Orda.kz
A Chinese company will build a steel plant in Kazakhstan worth $1.2 billion. The plant is designed to produce three million tons of steel per year, Orda.kz reports.
The partner in the project is Fujian Hengwang Investment. The plant is expected to create about 2500 jobs and will supply both the domestic market and exports.
Fujian is one of China’s key industrial regions. We work with provinces, not with China as a whole. Through its ports, Kazakhstani products can enter southern China and ASEAN countries. trade minister Arman Shakkaliyev said.
Trade turnover between Kazakhstan and Fujian province reached about $522 million in 2025.
At the same time, the localisation of several more industries is under discussion. With textile company Jinyuan, it is the launch of yarn production. With Weihua Heavy Machinery, lifting equipment. With Shenda Electric, transformers. With Jinlun Hi-tech Fiber, synthetic fibres.
Original author: Ruslan Loginov
Read also:
Latest news
- 14-Year-Old In Tesla Tries To Flee Police In Astana
- When a Michelin-Recognized Restaurant Will Open in Almaty, Akimat Says
- Transfers To China From Kazakhstan Fall To Six-Year Low
- Chinese Company To Build $1.2 Billion Steel Plant In Kazakhstan
- Moldova Finally Leaves The CIS And Bets On The EU
- Kazakhstani Scientists Develop Feed From Meat Processing Waste
- Why Large Families Face the Highest Poverty Risk in Kazakhstan
- Kazakhstan Schoolboy First in Central Asia to Receive Google Grant
- Kazakhstan Prosecutor General’s Office Checks Possible Ties Between Officials and Epstein Case
- After Farmers' Complaints, Kazakhstan Changes Potato Trading Rules
- Officials Accused Of Legalizing Thousands Of Migrants For Bribes In Astana
- Almaty Zoo Names Triplet Tiger Cubs
- Only One Loss-Making Bank Remains In Kazakhstan
- Cormorants To Be Shot In Pavlodar Region
- Kazakhstan And Ukraine Uncover Network Of Fraudulent Call Centers
- Price Growth In Kazakhstan Slows
- How A Chinese Goose Ended Up In Almaty And Joined A Flock Of Wild Ducks
- How Much Savings Make A Kazakhstani Well-Off In Kazakhstan
- How The War In The Middle East Affected Kazakhstanis’ Pension Savings
- Why Almaty’s Crematorium Is Still Not Operating: Authorities Explain
