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
- Suspect in Theft of $230,000 From Employer Extradited From Greece to Kazakhstan
- Steppe Near Aktau Cleared After Landfill Complaints, but Users Doubt the Problem Is Solved
- Why Markets Are Closing in Kazakhstan, According to the Ministry
- Kazakh Scientists Seek 10 Billion Tenge for Rare Metal Processing Research
- Georgia Becomes New Market for Kazakhstan’s Pork Exports
- Young Kazakhstanis Are Moving Into Trade and Working Overtime
- Russia Promises New Route for Kazakh Oil to Europe After Druzhba Halt
- National Fund Assets Reach $64.6 Billion as Kazakhstan Cuts Withdrawals
- Deputy Complains About Growing Rudeness and Aggression in Kazakh Society
- Deep Purple Plays Kazakhstan’s National Anthem at Almaty Concert
- Court Fines Activist in Case She Calls Politically Motivated
- Central Asian Leaders Back International Day for the Aral Sea and Its Main Rivers
- Kazakhstan Tightens Rules on Bank Loans to Related Parties
- Kyrgyz MP Reports Attacks on Kyrgyz Cars in Kazakhstan
- AI to Be Used to Monitor Methane Leaks in Kazakhstan
- Nuclear Power Could Cost Kazakhstanis Up to $0.19 per kWh, Expert Says
- Tokayev Criticizes Selective Use of the UN Charter
- Kazakhstan Plans to Print National ID Numbers on Pharmacy and Clinic Receipts
- Tokayev Says Snow Leopard Numbers in Kazakhstan Have Recovered
- Illusion of Stability: Expert Says Housing in Kazakhstan Could Rise in Price by Fall
