Kazakhstan: German Company Knauf to Build Dry Mix Plant with $30.5M Investment

A new dry construction mix plant will be built in Kazakhstan’s Jambyl region with the backing of German firm Knauf, Orda.kz reports.

The company has secured access to the Ulken-Burultau gypsum deposit, which contains an estimated 84 million tons of raw material.

According to Kazakhstan’s Ministry of Foreign Affairs, Knauf signed an investment agreement worth $30.5 million (over 15.5 billion tenge). The project will use local resources and begin with the construction of a raw material processing line once all necessary examinations are completed.

The planned plant will have a production capacity of 225,000 tons per year. Around 80% of output is expected to serve the domestic market, while the remainder will be exported to EAEU countries and across Central Asia.

Gabidulla Ospankulov, Chair of the Investment Committee, said the project reflects Kazakhstan’s efforts to foster a stable, attractive environment for foreign capital:

Projects of this scale, implemented with the participation of global leaders such as Knauf, are the result of systematic work. We’re confident this will boost both domestic supply and export potential. 

Knauf’s CIS representative, Alexander Blumhardt, described Kazakhstan as a priority market:

The investment comes after previous stalled industrial projects in the region, including a 45 billion tenge plant that was never completed.

Local authorities hope the Knauf project will mark a turning point for Jambyl’s industrial development.

Original Author: Alina Pak