Kazakhstan Opens $245 Million Ferroalloy Plant in Pavlodar Region
Kazakhstan to Build State-of-the-Art Ferroalloy Plant in Ekibastuz, Contributing to Economic Growth
During a meeting of the state commission on economic modernization on Dec. 1, plans were announced to construct a new plant in Ekibastuz, Pavlodar Region, for the production of ferroalloys. The plant is set to have a production capacity of 80,000 tons of ferrosilicon annually and is projected to be completed by 2025.
The total investment earmarked for the project is estimated to exceed 113 billion tenge ($245 million). Prime Minister Alikhan Smailov chaired the meeting and stated that the plant will significantly contribute to Kazakhstan’s economic output and create over 520 permanent jobs.
Furthermore, the establishment of the plant is expected to boost Kazakhstan’s exports of ferroalloy products to prominent international markets, including Japan, South Korea, the United States, Türkiye, and European countries.
In addition to the plans for the ferroalloy plant, the state commission also discussed pressing issues related to the ongoing development of oil fields, with a focus on enhancing production efficiency, creating jobs, and ensuring that service companies receive adequate work volumes to sustain their operations.
The members of the commission also deliberated on the Comprehensive Privatization Plan for 2021-2025, which included a detailed examination of the criteria guiding the inclusion and exclusion of assets for sale and proposals for transferring several assets into a competitive environment. Notably, plans were outlined for the competitive transition of Qazaq Air in the year 2024.
The construction of the state-of-the-art ferroalloy plant and the discussions held during the meeting of the state commission demonstrate Kazakhstan’s commitment to economic growth and modernization. This initiative is expected to have a significant positive impact on the country’s economy and create new opportunities for international trade and investment.
