Astana, 6 September 2024 (TDI): Chinese steel giant Jianlong Group is considering establishing a new steel plant in Kazakhstan, as revealed by the state investment company, Kazakh Invest.
During a meeting in early September, Jianlong representatives expressed interest in exploring investment opportunities for constructing a steel and steel products facility in Kazakhstan.
The exact location for the proposed plant has yet to be disclosed.
Azamat Kozhanov, Managing Director of Kazakh Invest, highlighted the country’s strategy to attract foreign investment by focusing on priority industries where Kazakhstan holds competitive advantages, such as steel production.
“We aim to attract investors with ready-made proposals in these sectors, Kozhanov stated.
We are prepared to assist in identifying potential projects for steel production and further processing of metal products, he added.
Jianlong Group,
Jianlong Group, one of China’s largest steel producers, operates a comprehensive industrial chain with 14 steel mills both domestically and internationally, boasting a combined capacity of approximately 42 million tonnes of steel.
The company is also active in logistics, trading, vanadium and titanium production, and equity investments.
Separately, Asia Metal Prof, the largest steel producer in Uzbekistan, has announced plans to build a $106.9 million plant in Kazakhstan.
The company is considering the Taraz industrial zone in southern Kazakhstan for the facility, which will produce square billets and polymer-coated galvanized steel sheets.
