Chinese and Karaganda companies sign memo on complex alloys plant construction

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KARAGANDA. KAZINFORM - The Chinese company «Sinosteel» and Karaganda complex alloys plant have signed a memorandum of joint project implementation on the territory of Saryarka special economic zone, the press service of Karaganda region administration reports.

According to the statement, 31 January was held a meeting between the business community of the region and China. The round table discussed the issues of realization "Construction of the Karaganda complex alloys plant". It was noted that the event was organized in the framework of the Kazakh-Chinese cooperation in the field of industrialization and investment.

According to the Mayor of Karaganda region Nurmukhambet Abdibekov, the plant will be constructed with the use of innovative technologies. The project's implementation will attract investment in the amount of 82.5 billion tenge and create about 3 million jobs.

He clarified that the manufactured products will be used in steel industry, as well as during drilling and blasting.

Sinosteel company - Chinese state-owned enterprise. The company has extensive experience in the construction and maintenance of metallurgical furnaces and related service centers.

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