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Over $100 million to invest in rare metals production development in Kazakhstan

Russian investors of DINATRON Group of Companies intend to invest over $100 million by 2024 to modernize the Irtysh Chemical and Metallurgical Plant in Pervomaika settlement of Shemonaikha district of East Kazakhstan region. For today, more than $10 million has already been invested in the enterprise modernization. The project is accompanied by NC Kazakh Invest JSC.

According to the investor, the reconstruction of individual sections has already been completed and efforts have been made to improve the production and organization of the deep processing of rare metals - titanium and niobium.

“20 tons of high-purity titanium were produced and ready 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 and sheet rolling to manufacture thin (with the thickness of 0.3-0.7 mm and width of 1 m) sheets of titanium, zirconium, niobium. And a pipe-rolling workshop where it is planned to produce pipes with the diameter of 10-15 mm and wall thickness of 0.5 mm from titanium, zirconium, niobium”, said Viktor Popov, the President of the DINATRON Group of Companies.

The investor cooperates with the Czech company ALTA, which will supply unique equipment for further stages of the plant modernization. Arrangements were reached to attract funds for the entire project from the Czech Bank CSOB.

“Kazakh Invest provides comprehensive support for the development of a unique enterprise. This project will have a positive impact on the socio-economic development of the region as well as make a significant contribution to the rare metals production development in Kazakhstan. Today, we, jointly with the investor and authorized agencies, are working on the preparation of a raw material base for the project”, added Dilyara Tektigulova, the project manager of Mining and Metallurgical Complex of Kazakh Invest.

It is worth noting that in order to improve the control over the quality of products manufactured, the investor equipped the laboratory with modern equipment - a gas analyzer of the latest generation and a spectrometer. Currently, about 50 people work at the enterprise, after its full launch, 150 people will be provided with permanent jobs.