Location: Shieli, Kyzylorda; Southern Kazakhstan
Sector: Industrial
Source of funding: China Gezhouba Group Corporation Limited (CGGC) (50%), China Gezhouba Group Overseas Investment Co., Ltd (20%), a subsidiary of CGGC, and a local cement company (30%)
Total cost: USD 150 mln
Implementer: China Triumph International Engineering
Start (of construction): April 2017
Planned completion: October 2019
INVESTORS SUMMARY
China Gezhouba Group Corporation (CGGC) Ltd founded in 1970, is a core member of China Energy Engineering Group Co., Ltd., a super central state-owned enterprise. With the registered capital of RMB 4.6 billion, it became the first listed company in the hydropower industry in 1997 and achieved the overall listing of main businesses in September 2007. To date, it has an asset scale of RMB 159.7 billion and over 40,000 employees. CGGC has formed a diversified development pattern covering such businesses as construction, environmental protection, real estate, cement, civil explosion, highway, water engineering, equipment manufacturing and finance, and mainly engages in the design, construction, investment and operation of projects in the fields of water conservancy, hydropower, thermal power, nuclear power, wind power, power transmission & transformation, highways, railways, bridges, municipal works, airports, ports, waterways, industrial and civil buildings, etc. The company is present in over 140 countries.
China Gezhouba Group Overseas Investment Co Ldt Possesses the registered capital of 3 billion yuan in Beijing, the Overseas Investment Co. has 100% of its equity held by CGGC.
The announcement says that the Overseas Investment Co. operates business in scopes of offshore industries, such as hydropower, environmental protection, water supply, transportation, mineral resources, cement and civil explosion, overseas real estate exploitation including investment, marketing, project construction and management, project operation, asset management and relative engineering techniques and consulting services, rental facilities, export-import trade, building material import and manufacture and other related industries to construction.
DESCRIPTION OF THE PROJECT
The joint cement plant, founded by China Gezhouba Group Cement Co., Ltd, is one of 55 China-Kazakhstan production capacity projects. The plant has a designed daily production of 2,500 tons of clinker cement.
The new plant produces nine types of cement. Its major product oil well cement will help Kazakhstan change its dependence on imported oil well cement. The purpose of the project is to diversify the economy of Kazakhstan and the creation of 260 jobs.
This type of cement is in high demand during construction works in oil and gas, as well as nuclear and space industries. The enterprise extracts sand, dolomite, lime and gravel in Shieli district. The volume of imported construction supplies in the region will significantly drop due to the implementation of the project.
The project is a joint venture majority owned by Chinese investors with a minority stake from a local cement company. China Triumph International Engineering built the plant.
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