Indorama Corporation intends to open a Representative Office in Kazakhstan

On August 31, 2022, with the support of NC KAZAKH INVEST JSC, a Singaporean company Indorama Corporation visited Kazakhstan. Indorama Corporation is one of the leading chemical holdings in Asia, producing nitrogen and phosphate fertilizers, as well as polyethylene, polypropylene, polyester, textiles, cotton fiber and medical gloves.

As part of the visit, the representatives of Indorama met with heads of public agencies and entities of the quasi-public sector. During the meetings, they addressed the issues related to the implementation of the company's projects. Indorama intends to launch the production of phosphate fertilizers in Kazakhstan. The project is planned to be implemented in three stages from 2022 to 2031.  

The first stage of the project plans to enable the extraction of phosphorite ore and the production of simple superphosphate. The amount of investments of the first stage will be about $100 million. If successfully implemented, the volume of investments of the second and third stages may exceed $1 billion. It is planned that more than 1,300 jobs will be created during the implementation of the three stages.

Director and Member of the Board of Indorama Corporation Prakash Kejriwal at a meeting with the CEO of NC KAZAKH INVEST JSC Meirzhan Yusupov stressed that the company has been considering the opportunity to invest in Kazakhstan for a long time.

“Our company has 154 production sites in 37 countries around the world. With such extensive experience, we intend to start developing projects in Kazakhstan as soon as possible. Observing the positive changes in your country, we can plan long-term projects - both the purchase of already developed sites, but abandoned for various reasons, and the development of new deposits. Thanks to the help of NC KAZAKH INVEST JSC, we plan to enter the Kazakhstan market for a long time,” said Prakash Kejriwal.

In turn, Meirzhan Yusupov briefed on the measures of state support, and also expressed confidence in long-term and productive cooperation between the countries.

“The previous negotiations with you took place in Singapore, two weeks ago. The meeting was held as part of the working visit of Deputy Prime Minister - Minister of Foreign Affairs of the Republic of Kazakhstan Mukhtar Tleuberdi. It is encouraging that we were able to arrange another meeting in such a short time. I hope that we will start the implementation of joint projects at the same operational pace,” Meirzhan Yusupov summed up.

As a result of the visit, the management of the Singaporean company decided to open its Representative Office in Kazakhstan.

https://invest.gov.kz/ru/media-center/press-releases/indorama-corporation-planiruet-otkryt-predstavitelstvo-v-kazakhstane/