Investments in new projects – a plant for the production of galvanized steel, a pipe plant and a hot-dip galvanizing plant – are expected at the level of $478 million

In 2023, Kazakhstan plans to start construction of three steel enterprises on the territory of the Saran industrial zone of the Karaganda region. Trend reports about it with the reference to the press service of the regional authorities.

“Three new projects in the steel sector are on the agenda. Active work is underway to attract investors to the Saran industrial zone,” the message says.

The regional coordination commission approved three new projects of the steel sector. Among them, the construction of a plant for the production of galvanized rolled steel with a polymer coating, the production of steel longitudinally electro-welded pipes and a hot-dip galvanizing plant.

“These projects are high-tech, where modern achievements in the steel industry will be applied. All products that are planned for production are focused on import substitution and export,” said the director of the industrial zone management department Zhaksylyk Akhmetbekov.

Appropriate plots of land have already been provided for the construction of production facilities. Implementation of the projects will begin in 2023.

Investments in project implementation are expected at the level of 230 billion tenge ($478 million). The new enterprises will create more than 2,000 new jobs.

As GMK Center reported earlier, Kazakhstan’s QazSpecSteel LLC plans to invest $587 million in the construction of a plant for the production of steel billets with a capacity of 800 thousand tons in Aktobe (Kazakhstan). The terms of construction are not specified. At full capacity, 1.5 thousand people will work at the enterprise.

ArcelorMittal Corporation plans to invest $1 billion in Kazakhstan’s production facilities in the near future. Most of the funds will be used to modernize ArcelorMittal Temirtau production. This was discussed in September at a meeting of the President of Kazakhstan KasimZhomart Tokayev and chairman of ArcelorMittal Lakshmi Mittal.