Printer Friendly

Ferroalloy plant opens in Karaganda.

A ferroalloy production plant opened July 24 in Karaganda. Kazakh Prime-Minister Askar Mamin took part in the opening ceremony, The Astana Times reports.

The plant's primary product is a high-quality ferrosilicon (FeSi75), which is the key element in steel production and alloying. At the first production stage, the plant is set to produce 180,000 tonnes of fully export-oriented ferrosilicon per year, gradually increasing up to 240,000 tonnes per year.

A key feature of the plant is in minimising the negative environmental impact of ferrosilicon production, as the plant uses gas cleaning systems and electric energy.

The main share of ferrosilicon will be exported to Russia, Turkey, South Korea, the United States and the countries of the European Union.

At the construction stage of the plant, more than 1,500 new jobs were created. While operating, the plant will provide 350 jobs at the first stage and up to 550 jobs at the second stage.

The plant's second stage of production will allow Kazakhstan to be listed among the top five largest producers of ferrosilicon.

The total cost of the project by the YDD Corporation is more than $94 million. The project was funded by Kazakh private funds and European investors, with the attraction of debt financing from the Kazakh Development Bank within the framework of the Kazakh State Programme of Industrial and Innovative Development.

[c]AKIpress Provided by SyndiGate Media Inc. ( ).

COPYRIGHT 2019 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:AKIpress Central Asian News Service
Date:Jul 27, 2019
Previous Article:Ways to strengthen rule of law-compliant criminal justice responses to terrorism discussed in Ashgabat.
Next Article:Europe's record heatwave threatens Greenland ice sheet.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |