China National Petroleum Corporation is building a mini-pipe works with the capacity of 100 thousand tons per year.
The works will occupy a territory of 18.3 ha in the industrial zone of Almaty.
Investments in the project will total $100 million, with a half to be provided by the Chinese investor.
In the long-term it is planned to increase output to 150 thousand tons of pipes per year. The company will be specializing in the steel welded large diameter pipes.
The plant is expected to start operating in December. (Ukrainian metal)