Plants in East Kazakhstan and Aktobe oblasts will be started

“Investment Fund of Kazakhstan” JSC (Fund) implemented purchase and sale transaction of the property of two production complexes.

So, in December, 2017 Fund concluded the sale and purchase transaction of the plant property agreement producing cellular concrete products.  With the support of Akimat of Aktobe oblast Fund attracted Russian investor TD Foton LLP, the total amount of the agreement was 1,569,877 tenge.

The investor will perform the reconstruction of reinforced concrete products and further organization of cellular concrete products production.  Manufacturing unit is completed by 98 % and is being under temporary closing.  Production manufactured by German equipment will be presented as gas concrete blocks, U-shaped blocks for lintels and reinforced belts with packs, groove systems, reinforced concrete products and ready mix concrete. Planned sales markets: territory of Kazakhstan and Russian Federation.

Also, in December, 2017 Fund realized purchase and sale transaction of the property of Irtysh chemical and metallurgic plant (ICMP). Rare earth metals plant LLP acted as a buyer. Transaction cost carried out by the one-time payment amounted to 433 mln 260 thousand tenge.

At this moment the plant which is under temporary closing needs for reconstruction and modernization. The investor will implement the improvement of production reconstructing certain areas, as well as the organization of the process of rare metals advanced processing: niobium, tantalum, molybdenum, wolfram, zirconium.  In addition, Rare earth metals plant LLP plans to expand the range of saleable products and enter international high-technology market.

Design capacity of ICMP assumes the launch of niobium metallic in bars to 150 ton/year; ferroniobium to 645 ton/year. Number of restored work positions at the relaunched plant will be 430.

“Irtysh chemical and metallurgic plant” JSC – the basic and unique enterprise in Kazakhstan producing niobium, tantalum, neodymium, praseodymium, samarium, gadolinium, cerium, etc.

“Investment Fund of  Kazakhstan” JSC is the National Institute of Development and Management Company in Restructuring and Distressed Actives Management. Fund is the subsidiary organization of the National Managing Holding “Baiterek”.