Russian-Kazakh Production Venture Sees Success in Kostanai

KOSTANAI – The joint Russian-Kazakh venture EurazCaspianStal has produced its first batch of industrial fittings.

The technological equipment was put into operation in December 2013. The plant has the latest technology supplied by Siemens SPA. The new equipment will allow the company to produce output with high-added value. At the same time, the construction industry will be supplied with quality materials.

Before the year-end, EurazCaspianStal is planning to produce 150,000 tonnes of products, 30 percent of the annual capacity. In this regard, it is expected that the volume of industrial production in Kostanai will grow by 7-9 percent and the share of manufacturing in the total industrial production volume of the region will grow by 3-5 percent.

The produced output will be sold in Kazakh markets, which are steadily growing, as well as in the Central Asian states.

 

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