Fincraft Resources and Monnet Group have signed an agreement to create a ferroalloys plant in the industrial park of Taraz.
TB Alloys Kazakh will produce ferrosilicon.
At the first stage the volume will be 50 thousand tons per year with the further increase to 100 thousand tons.
The project is estimated at $125 million. Most of the funds will be invested by the Indian side. (Ukrainian metal)