Over $100 million will be invested in the development of rare metals production in Kazakhstan by investor
Russian investors of the "DINATRON" Group of companies plan to invest over $100 million by 2024 to modernize Irtysh Chemical and Metallurgical Plant in Pervomaika village of Shemonaikha District of the East Kazakhstan region. As of today, more than $10 million has already been invested in enterprise modernization. The project is accompanied by "KAZAKH INVEST" National company" JSC.
According to the investor, the reconstruction of individual sections has already been completed, and work to improve the production and organization of the deep processing of rare metals - titanium and niobium have been carried out.
"20 tons of high-purity titanium were produced and ready for shipment for export. We have export contracts with Japan and European countries. The first export of four ingots of high-purity niobium was sent to the Russian Federation. In addition to the production of titanium and niobium ingots, we plan to build three more workshops - forging, sheet rolling, on which thin (0.3-0.7 mm thick and 1 m wide) sheets of titanium, zirconium, niobium will be produced. And a pipe-rolling workshop, where it is planned to produce pipes with a diameter of 10-15 mm and a wall thickness of 0.5 mm from titanium, zirconium, niobium", - said Mr. Victor Popov, the President of the DINATRON Group of Companies.
The investor cooperates with the Czech company ALTA, which will supply the unique equipment for further stages of plant modernization. An arrangement was reached to attract financing for the entire project from the Czech bank CSOB.
"KAZAKH INVEST provides comprehensive support for the development of a unique enterprise. The project will have a positive impact on the socio-economic development of the region and will make a significant contribution to the development of rare metals production in Kazakhstan. Today, in cooperation with the investor and authorized bodies, we are working on the preparation of a raw material base for the project", - added by Ms. Dilyara Tektigulova, project manager for the mining and metallurgical complex of KAZAKH INVEST.
It is worth noting that to improve the control over the quality of products manufactured, the investor equipped the laboratory with modern equipment - gas analyzer of the latest generation and spectrometer. Currently, about 50 people work at the enterprise, so that after the full launch of the enterprise, 150 people will be provided with permanent jobs.
