Products
The production capacity is 400 thousand tons per year. Planned product range:
- Coiled galvanized steel - 300 thousand tons
- Coiled galvanized steel with a polymer coating - 100 thousand tons
The project provides for the construction of a plant for the production of a range of galvanized steel coils, including those with a polymer coating. The Project is planned to be implemented in the industrial zone "Saran" of the Karaganda region.
Company
CHK Asia Prom Steel Ltd. was established in 2022 to implement the Project for the production of galvanized steel coils, including those with a polymer coating. The founders have been working on the metal products market in Kazakhstan for more than 10 years, producing metal profiles, metal tiles, steel pipe products.
Market
- The volume of exports of rolled metal with galvanized or other coating from Kazakhstan during 2017-2021 averages 482 thousand tons per year. The volume of imports in 2021 reached 163 thousand tons, of which 50% falls on Russia.
- According to MarketLine, the construction industry in Kazakhstan is projected to grow to 7.9 trillion tenge by 2025. The positive trend in the dynamics of construction is a driver of an increase in demand for steel products, including rolled metal with a polymer coating.
- Convenient location. The initiator in the territory of the new industrial zone "Saran" (FROM Saran) was provided with a land plot for the location and operation of production.
- Import substitution and synergy. Today, in Kazakhstan there is one manufacturer of galvanized steel coils in the range. The implementation of the Project will reduce import dependence, provide raw materials for local enterprises in the construction and industrial sector, and achieve production synergy with the founding companies for the production of metal products (metal profiles, metal tiles, steel pipe products).
To implement the Project, funding in the amount of USD 52,000 thousand is required:
- 70% (USD 36,400 thousand) – debt financing (subject to collateral);
- 30% (USD 15,600 thousand) - own funds.
