Nov 23, 2023
The Head of state has set a task to diversify the
economy, where a special role is given to the implementation of investment
projects.
The vector is aimed at the development of the industry
for deep processing of metals, mechanical engineering and production of
automotive components. In simple words - the creation of high limit clusters.
All this was reflected in the President`s recent Message.
A project related to iron and processing will be the
construction of a steelmaking plant for the production of steel billets with a
production capacity of up to 1 million tons per year, implemented by Evraz Caspian
Steel LLP (Caspian Group JSC).
The project will become a workplace for 600 employees.
The volume of investments will amount to 292.5 billion tenge. The
implementation period is 2026. The final product will be the production of
rebar and the production of wire rod, wire and other metal products.