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  • China to invest construction of chemical and metallurgical plant in Pavlodar
28 February, 2017 10:12

China to invest construction of chemical and metallurgical plant in Pavlodar

The Investment Fund of Chinese province of Xinjiang plans to invest the construction of a chemical and metallurgical plant in the special economic zone "Pavlodar".

China to invest construction of chemical and metallurgical plant in Pavlodar | Strategy2050.kz

According to Governor’s Office of Pavlodar region, the project of "TENIR-LOGISTIC" LLP for the construction of a complex for the production of titanium dioxide, silica and special steels was presented during the meeting of Governor of the region Bulat Bakauov and Managing Director of China Machinery Engineering Corporation, Representative of Xinjiang Fund Wang Liwen.

The Chinese company is ready to invest in the construction of the plant, buy equipment and start the production. According to manager Wang Liwen, the project is implemented within the framework of the Kazakh-Chinese intergovernmental agreement on industrialization and investment cooperation in Kazakhstan.

Governor's office assured that the design works in the SEZ "Pavlodar" will begin in July this year. The total investment will amount to 782 billion tenge (the 1st stage - 122.4 billion tenge). The industrial output is scheduled for 2020. 2,500 workplaces will be created.

The Governor of the region focused on the low-cost and environmentally friendly technology for alloy steels, titanium oxide, silicon and instructed the Acting Head of the Department of industrial and innovative development of the region, "SEZ Pavlodar" - to lend the full support for "TENIR Logistic" to realize the project.

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SMEs will make up at least 50% of the GDP

abour productivity will reach up to $126 000 and 3 to 6 y.o. kids will have 100% access to pre-school education in Kazakhstan.

Kazakhstan will fully satisfy its own market of POL in compliance with the new environmental standards

The share of non-primary exports in total exports will double and triple by 2040

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95% of the population will speak Kazakh

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The issue of providing water for irrigation will be resolve

GDP per capita will stand at $60 000

The urban population will represent 70% of the total population in Kazakhstan