Prime Minister Olzhas Bektenov, who is paying a working visit to the People’s Republic of China, has participated in the Kazakh-Chinese Investment Roundtable Meeting. Eight commercial agreements worth $2.5 billion were signed during the event between the leading Kazakh, Chinese companies.
The following documents were signed:
– The agreement between JSC Qarmet and Zhengzhou Coal Mining Machinery Group on the acquisition of mechanized complexes for the coal department’s mines to the amount of $70 million;
– The agreement between JSC Qarmet and Xinxing Ductile Iron Pipes Co., LTD on construction of a plant for production of pipes from ductile cast iron in the territory of Kazakhstan. The projected capacity of the plant is 200,000 tones per annum. The cost of the project is $161 million. The products are widely used in construction, modernization, reconstruction, expansion and renovation of housing and utilities sector;
– The agreement between JSC Qarmet and China Metallurgical Group Corporation on a long-term comprehensive cooperation in mining and metallurgical sectors to the amount of $1 billion;
– The agreement between JSC Qarmet and ACRE Coking & Refractory Engineering Consulting Corporation on implementation of a strategic project of modernization of coke-chemical production and petrochemistry development worth $649 million;
– The agreement between JSC Qarmet and Nanjing Fiberglass Research & Design on construction of a factory for the production of mineral insulators from blast-furnace slag in Temirtau to the amount of $30 million, with the capacity of 100,000 tons of products per year and employment of 200 people. (Kazinform)