Investment programs to expand existing metallurgical production and launch new ones should be a priority for Kazakh development institutions. The management of the Kazakhmys Corporation made such a proposal at a meeting of the Council of Domestic Entrepreneurs. The press center of the Association of Mining and Metallurgical Enterprises of the Republic writes about this.
Chairman of the Board of Kazakhmys Nurakhmet Nuriev noted that projects aimed at increasing the production of metal products should be among the priority projects that receive financial support from the Development Bank of Kazakhstan, Baiterek, the Industrial Development Fund of the Republic of Kazakhstan and other organizations.
According to Mr. Nuriev, last year the consumption of metals in the manufacturing industry decreased compared to 2022. Experts emphasize that the situation with the shortage of domestic raw materials for enterprises could not be improved through discounts for individual manufacturers.
In return, Kazakhmys management proposes to establish general discounts on metals for the manufacturing industry. The measure should help the development of metallurgical clusters and the production of metal products with high added value.
Let us remind you: in the manufacturing industry of Kazakhstan in 2024 they want to implement 180 investment projects worth 1.5 trillion tenge.
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