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Saturday, March 5, 2011

Kazakhstan to open plant in Kyrgyzstan, create 1,000 jobs

04.03.2011

Kazakhstan Avinu Company plans to build ferroalloy recycling plant in the town of Tash - Kumyr in Jalal - Abad region of Kyrgyzstan, said Acting Mayor Mamidaly Kuldyshev , Kazakhstan Today reported.

The construction of ferroalloy plant will begin in April, he said. A total of 22 hectares have been allocated for the plant area, equipment has already started to be delivered.

The project costs $75 million. The plant is expected to produce output worth $50-60 million

Around 1.3 million tons of coal was extracted in Tash-Kumyr in the soviet times. Currently the volume of coal production barely reaches 30,000 tons.

Source: Trend.
Link: http://en.trend.az/capital/business/1840467.html.

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