A meeting was held in the Aktobe region between Akim Askhat Shakharov, Chairman of the Board of JSC NC KAZAKH INVEST, Sultangali Kinzhakulov, and representatives of Sichuan Yinhe Chemical Co., Ltd.

Previously, with the assistance of JSC NC KAZAKH INVEST, a delegation from the Aktobe region visited China and held talks with Sichuan Yinhe Chemical Co., Ltd. The parties signed a memorandum of cooperation on the implementation of an investment project to build a deep chromium processing plant in the Aktobe region. The investor is currently continuing to work on the practical aspects of the project's implementation within the framework of previously reached agreements.

Sultangali Kinzhakulov, Chairman of the Board of JSC NC KAZAKH INVEST, expressed his readiness to provide comprehensive support for the investment project.

The company's CEO, Tang Shuangquan, expressed interest in expanding cooperation with Kazakhstan and emphasized the region's high potential for implementing high-tech projects.

Sichuan Yinhe Chemical Co., Ltd. intends to invest US$500 million in the construction of a modern chromium processing complex with a capacity of up to 200,000 tons per year, creating over 600 jobs.

The project involves the production of high-purity chromium, a critical material for microelectronics, aviation, and space industries. Once fully operational, the facility is expected to generate an annual output of US$1.2 billion.

During the discussion, special attention was paid to the environmental aspect of the project – the company possesses advanced technologies for processing chromium-containing materials, including closed-loop resource management systems and modern wastewater treatment methods.

Following the meeting, the parties confirmed their mutual interest in implementing the project and expressed confidence that cooperation will be an important step in strengthening economic ties between the countries and further developing the industrial potential of the Aktobe region.