World Monitor Mag, Industrial Overview WM_November_2018_WEB_Version - Page 14

DESTINATION KAZAKHSTAN There is no doubt that an important factor in the well-being and economic development of Kazakhstan is a thriving construction industry, for the development of which both high-quality building materials and qualified personnel are vital. Thus, the German company HeidelbergCement, one of the largest producers of building materials in the world, carries out the production of cement and ready-mixed concrete in Kazakhstan. The company invested about 700 million US dollars and created about 2,000 jobs. Linde Group's industrial gases are used to perform special tasks in all industries: metalworking and metallurgy, chemical industry and energy, food industry and the environment, in the manufacture of glass and electronic equipment, in construction, in the production of rubber and plastic, in medicine, as well as in scientific research. Since 2013, the German group has invested about $120 million in the construction of a plant to produce industrial gases on the basis of Arselor Mittal Temirtau. Currently, the group is implementing the second phase of the project with an investment of about $80 million. French Alstom company provides a full range of products and services in the railway market. From trains and integrated systems to signaling and other services, which has established the production of electric locomotives and switch actuators in Kazakhstan, with the creation of more than 500 new jobs. 12 world monitor Polish Polpharma became the majority shareholder of Chimpharm JSC, and today has invested about $100 million in the production of medicines according to GMP standards. The company is the largest Polish manufacturer of pharmaceuticals and active pharmaceutical substances. The French company Total Ehren intends to implement a project for the construction of a 30 MW solar power plant in the Kyzylorda region. The Polish company Selena Group carries out the production of building mixtures and products for thermal insulation with the creation of about 100 new jobs at the ‘Astana - New City’ FEZ. The German company Wilo in the Almaty region has established the production of energy-saving pumps and pumping systems. The company plans to further expand its production. The Dutch company Farm Frites in the Almaty region intends to organize the processing of potatoes and the production of potato products. In the future, it is planned to create up to 400 new jobs. The Turkish group Anadolu built four plants in Kazakhstan to produce beverages with an investment of about $700 million. The Turkish group Yıldırım Holding previously invested in the Voskhod mining and processing complex in the Aktobe region and is currently implementing a new project on soda ash production in Kazakhstan. The Russian Efco group of companies has modernized the oil and fat complex in Almaty and is currently producing margarine and butter. Korean Lotte in Almaty carries out the production of confectionery. In 2018, the Turkish group Ulker completed the capital modernization of the existing plant and expanded production capacity in order to increase the existing exports of products to China, Russia, Kyrgyzstan, Tajikistan, and Mongolia. In addition, the Russian Lukoil is building a plant to produce lubricants in the Almaty region with an investment of about $90 million. And I would like to add that Kazakhstan’s new approaches will bear fruit and provide the most comfortable conditions for investment in the country. This work will continue to improve Kazakhstan’s investment climate and the implementation of projects that have begun. Since we are not going to stop there, the work on attracting new investments will continue strenuously. We will also be glad to continue mutual long-term cooperation with the European Business Association of Kazakhstan.