Product
At full capacity, which is planned for 2026, the plant will be producing: light plates, 50 kg/m3 – 11,250 tons; light plates, 75 kg/m3 – 6,750 tons; hard plates, 100 kg/m3 – 9,000 tons; hard plates, 125 kg/m3 – 9,000 tons; super hard plates, 150 kg/m3 – 4,500 tons; super hard plates, 175 kg/m3 – 4,500 tons. Finished products will be sold in Aktobe, Atyrau, Aktau, Uralsk, Kyzylorda and Kostanai, as well as Russian cities, such as Omsk, Chelyabinsk, Yekaterinburg, Kazan, Tyumen and others).
Project
The Project to create new mineral-cotton slab production is due to be realised at the currently operational Aktobe Metal Structure Plant (“Plant”) in the city of Aktobe and will involve upgrading one of the plant production units. The 8 ha Plant site is connected to the utilities infrastructure required for production purposes.
Initiator
JSC Aktobe Metal Structure Plant, which was founded in 2001, specialises in the production of complete, modular and mobile buildings, metal structures, non-standard equipment, sandwich panels, steel tanks, tanks, arched metal pit supports and control rooms. The Company has successfully implemented 140 projects in a range of directions.
Market
- In 2021, the global mineral wool market was valued at 47.4 billion USD. According to Market Research Future, the market is projected to reach 110.7 million by 2030. The market is expected to grow at a CAGR of 11.18% between 2022 and 2030.
- From 2018 to 2022, CAGR of mineral wool product imports into Kazakhstan was 20.4%, reaching 2.27 thous. tons in 2022. The main import source in 2022 was Russia (95%).
- The volume of mineral wool product exports from Kazakhstan was 2.12 thous. tons. These products were primarily exported to Russia (77%) and Uzbekistan (19%).
- Advantageous location. Having production based in the city of Aktobe will provide access to the consumer markets of Aktobe Oblast, which has a population of over 535 thousand, and neighbouring regions, which are home to over 2.1 million people. In addition, access to a well-developed and extensive rail and road system helps ensure both the supply of raw materials and finished products to customers. Aktobe Oblast also has the required mineral resources base for the Plant at its disposal.
- Company experience. The Initiator has been operating in the construction material since 2001. It has completed 140 projects, including the planning and production of metal structures for the new Aktobe airport terminal and Atyrau Oil Refinery. Company permanent clients include large corporations, including Tengizchevroil, Hyundai Engineering & Construction, Kazchrome, KazTransOil, Kazakhoil Aktobe and others.
The Project requires investment of 30,000 thousand USD (exchange rate: KZT 449), of which:
- 80% (24,000 thousand USD) – debt financing subject to collateral;
- 20% (6,000 thousand USD) – investor participation.
