Kazakhstan's Colorful Metallurgical Industry Set for Expansion

Kazakhstan’s Colorful Metallurgical Industry Set for Expansion

03/04/2024

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Kazakhstan’s metallurgical sector anticipates the implementation of eight projects worth 169 billion tenge this year, involving the production of aluminum radiators, cathode copper, Dore alloys, and other products. These initiatives, upon full realization, are projected to create around 2000 job opportunities, as reported by the Project Implementation Monitoring and Analysis Directorate, QazIndustry.

“When all eight projects reach their designed capacity, production volumes will amount to about 136 billion tenge, including plans to export products worth 71 billion tenge,” the statement reads.

Currently, the metallurgical industry hosts 49 projects at various stages of implementation, including eight slated for 2024, with a total investment of 1.8 trillion tenge. The commencement of these productions is expected to provide employment to over 11,000 citizens, with approximately 7400 residing in rural areas and 377 in monotowns.

Upon reaching full capacity, the projected production volume of all 49 projects will reach around 2.3 trillion tenge. Notably, over half of this amount, approximately 1.4 trillion tenge, is earmarked for export.

In the previous year, the metallurgical sector saw the realization of five projects worth 26.8 billion tenge, resulting in the creation of 835 job opportunities. These projects encompassed the production of alloys of non-ferrous metals, Dore alloys, zinc products, among others.

Kazakhstan’s metallurgical industry stands as one of the largest and leading sectors of the domestic economy, buoyed by a sufficient reserve of raw materials, including copper, zinc, nickel, lead, aluminum, gold, and silver ores.

The majority of ongoing projects are concentrated in the Karaganda region and the city of Shymkent.

Source and Credit: metalmininginfo.kz