Sin Yuan Steel - Steel Plant in Shymkent Upgrade - Details on ZAWYA UAE Edition
added on: 20 December 2018

Sin Yuan Steel - Steel Plant in Shymkent Upgrade

Completed

Background

Chinese-Kazakhstan company Sin Yuan Steel plans modernization of the Steel Plant on the territory of Industrial zone «Ontustik» in Shymkent, Kazakhstan. The steel plant SinYuanSteel was established on the basis of the Amir-A Kazakhstani enterprise operating since 2000. In 2006, the company invested about $ 2 million to create a steel workshop. But in 2016, the founders invited investors from China, now the Kazakh side owns 13% of the plant, and the Chinese, members of the Ke family - 87%. The amount of investment in construction - $ 50 million, personal funds. The new steel plant will produce 700 thousand tons of products per year, while the old plant produced only 50 thousand tons of products per year. To produce at the plant are planning several types of products: rebar, wire rod, angles, and so on. The company intends to work on local raw materials. Today, the metallurgical plant with an area of 20 hectares has high-tech modern equipment with the use of innovative process automation technologies, a laboratory, steel-smelting and rolling shops, auxiliary shops, which allows to achieve product quality in accordance with state standards. The volume of steel products of the plant will provide over 50% of the country's demand for steel products.
Country
Sub-Sector
Steel
Facility Type
Steel Plant/Complex
Ownership Type
Project Type

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