Yili Chuanning Biotechnology Co.,Ltd to Implement a $500 Million Project
Deputy Minister of Foreign Affairs of the Republic of Kazakhstan, Alibek Kuantyrov, met with the General Director of Yili Chuanning Biotechnology Co.,Ltd Dan Xuheng. During the meeting, the parties discussed the implementation of a project for the production of amino acids, probiotics, and packaging materials in the Almaty region.
At this stage, company representatives, in cooperation with regional authorities, have inspected the territory of the Shelek Industrial Zone, clarified key project requirements, and begun work on obtaining a suitable land plot.
The planned investment in the plant is $500 million, with the creation of 1,000 jobs. The products will be manufactured using raw materials from local suppliers: 400,000 tons of corn and 500,000 tons of wheat annually. The project is strategically important for the region as it contributes to the development of the agro-industrial complex, the pharmaceutical industry, job creation, and the attraction of additional investments.
For reference:
Deep grain processing is one of the promising areas in the manufacturing industry, enabling the production of high value-added products. Kazakhstan harvests 16-17 million tons of grain annually, a third of which is exported. Grain can be processed into more than 260 types of products, opening new opportunities for the sustainable development of the agro-industrial complex, import substitution, and further diversification of the economy.
