Kazakhstan and China are set to strengthen industrial cooperation through a major new project, with plans to build a steel plant in southern Kazakhstan with an investment of $1.2 billion.
The facility is expected to have an annual production capacity of up to 3 million metric tons, with participation from Chinese investor Fujian Hengwang Investment Co., Ltd.
While the exact location has not been disclosed, the project will be situated in southern Kazakhstan, a region increasingly targeted for industrial expansion due to its strategic logistics advantages.
The new plant is expected to boost Kazakhstan’s domestic steel output and reduce reliance on imports, while also supporting downstream industries with a more stable supply of materials.
Key anticipated benefits include:
- Job creation and employment growth
- Strengthening of the national industrial base
- Enhanced economic cooperation between Kazakhstan and China
The initiative aligns with Kazakhstan’s broader strategy to expand its manufacturing and metallurgical sectors, while also reflecting China’s continued push to invest in overseas industrial capacity.
VietnamSteel by Hoa Sen Group
