Kumtor Gold Company is launching a plant for tire restoration and recycling

18/09/2023

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The esteemed “Kumtor Gold Company” has recently inaugurated a state-of-the-art facility in Tokmok, which operates in a trial phase, dedicated to the restoration and recycling of automotive tires. This noteworthy development was graced by the presence of the distinguished Prime Minister, Akylbek Japarov, who paid a visit to this remarkable establishment, as relayed by the press service of the Cabinet of Ministers.

Under the project entitled “Turning Waste into Money,” the primary objective is to establish a plant that employs advanced German technology, capable of restoring tires of various sizes. By doing so, it aims to reduce the costs associated with tire replacement and enhance the overall efficiency of the esteemed “Kumtor Gold Company.” Simultaneously, this initiative seeks to create new revenue streams while mitigating the adverse environmental impact of plastic waste, as underscored by the Cabinet.

The transformation process involves the comprehensive processing of old tires, resulting in the creation of novel products, including plastic, textiles, and compressed materials. While the facility presently operates in a trial capacity, plans are underway to commence full-scale operations by the conclusion of 2023 or the advent of 2024. With a workforce of 180 dedicated individuals, the plant possesses an impressive tire processing capacity of over 2 tons per hour. The project necessitated a substantial investment of $19.2 million, with a commendable internal rate of return of 33%.

Following an extensive examination of the facility’s operations, Prime Minister Japarov expressed his optimism regarding the sale of the produced goods, emphasizing that they will not only be available within Kyrgyzstan but will also be distributed to neighboring nations such as Kazakhstan, Uzbekistan, and Tajikistan. This strategic expansion of market reach demonstrates a forward-thinking approach, presenting lucrative opportunities for both the “Kumtor Gold Company” and the regional economies it serves.

Source and Credit: economist.kg

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