Metallurgical Plant
| Location: | Shymkent city, South Kazakhstan |
| Sector: | Mineral and Petroleum Exploration, Extraction and Processing |
| Total cost: | $ 50 mln |
| Chinese partner: |
Jiangdon Ke LLP Sin Yuan Steel LLP |
| Kazakhstani partner: | “Amir-A” LLP |
| Construction start: | 2016 |
| Putting into commission: | 2018 |
Partners summary
Sin Yuan Steel LLP, a Sino-Kazakh company, is the largest producer of metall rolling in Kazakhstan. The product range includes fittings, wire rod, circle, square and shaped steel (corner, channel). The manufacturer plans to supply semi-finished products and finished products both to the domestic market and for export. Sin Yuan Steel will focus on CIS countries. According to customs statistics, in the first quarter of 2018, Kazakhstani producers exported a total of about 52 thousand tons of long products, which is 33% more than in the same period last year.
Description of the project
Sin Yuan Steel LLP was established on the basis of the Amir-A Kazakhstani enterprise, which has been operating since 2000. In 2006, about $ 2 million was invested into the enterprise to create a steel workshop. But in 2016, the founders invited investors from China, now the Kazakh side owns 13% of the plant, and the Chinese side, members of the Ke family - 87%. A new steel mill and steel rolling plant were built next to the old plant. It’s capacity is 700 thousand tons of steel per year, or 600 thousand tons of rolled steel, corners, channels, and fittings. The old factory produced only 50 thousand tons of products per year. 500 people are already working at a construction site. According to the programme of industrial–innovative development, by 2019, the share of steel produced in Kazakhstan (compared to 2012) should have reached 30% of the total consumption. But, the Karaganda metallurgical plant, for example, only meets 10% of the demand; the remaining 90%, or more than one million tonnes, Kazakhstan imports from other countries, mainly from Russia— Chelyabinsk and Magnitogorsk. [1]
The main goal of this project is to increase the import substitution of steel products. 50% of finished products will be exported to Tajikistan, Uzbekistan, Turkmenistan, Kyrgyzstan and Russia. The akimat also added that with an increase in production capacities, payments to the budget will proportionally increase. [2]
More links
https://www.inform.kz/ru/metallurgicheskiy-zavod-postroyat-v-yuko_a3156481