USD 1.2 bln Metallurgical Plant in Zhambyl Region by Fujian Hengwang Investment Co., Ltd.
- ProB2B.KZ
- Mar 9
- 2 min read
Updated: Apr 9
Project Name: Construction of a 3 Million Tons Capacity Metallurgical Plant in Zhambyl Region
Project Description: Fujian Hengwang Investment Co., Ltd., a prominent Chinese metallurgical company, is set to invest in the construction of a large-scale steel plant within the Jibek Joly Special Economic Zone in Kazakhstan's Zhambyl region. The project aims to bolster Kazakhstan's metallurgical industry by establishing a facility capable of producing 3 million tons of steel annually.
Current Status: As of February 2025, a meeting between Kazakhstan's Prime Minister Olzhas Bektenov and Fujian Hengwang Investment's Chairman Zeng Zhaoqiang confirmed the project's advancement, with construction slated to commence in April 2025
Start Date: April 2025
End Date: The project is planned to be executed in phases:
● Phase 1: By 2027, achieving an initial production capacity of 1 million tons of steel.
● Phase 2: By 2029, scaling up to the full capacity of 3 million tons of steel.
Investment Volume (in USD): Approximately $1,200,000 ,000
Location: Jibek Joly Special Economic Zone, Zhambyl Region, Kazakhstan
Investor / Customer: Fujian Hengwang Investment Co., Ltd.
Company Details:
Fujian Hengwang Investment Co., Ltd.:
● Name: Zeng Zhaoqiang, Chairman of the Board
● Address: Information not publicly available
● Phone: Information not publicly available
● Email: Information not publicly available
● Website: Information not publicly available
General Contractor: To be determined
Engineering Contractor: To be determined
Other Important Details:
● Employment: The project is expected to create approximately 2,500 jobs in the region.
● Resource Utilization: The plant will utilize local raw materials, including natural gas and iron ore from the Karaganda, Kostanay, and Ulytau regions, as well as lime.
● Product Range: The facility will produce wire rods, reinforcement bars, strip steel for pipe production, and angle and profile steel.
● Energy Infrastructure: A 350-megawatt gas turbine power plant will be constructed in the second phase to meet the metallurgical plant's energy requirements.
Photo source: AstanaTimes
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