THE RUSSIAN COMPANY OF SIBINVESTGROUP LLC WILL SEND ITS FINANCIAL INVESTMENTS TO CREATE AN ALUMINIUM CLUSTER ON THE TERRITORY OF PAVLODAR SEZ, WITH THE PARTICIPATION OF THE GERMAN COMPANY OF LVG GMBH, BROADCASTS ABCTV.KZ.

“It is planned that in July-August 2017 the first batch of alloyed aluminium will be produced. The rated capacity of the plant is 36 thousand tons of products per year. The amount of private investments will be 4.5 billion tenge. It is planned to construct the next production areas (technological process stages) after the launch of this production,” informed Head of Investment Attraction Division of Administration of Industrial-and-Innovation Development of Pavlodar Region Anar Aitkazin. An additional agreement between the Akimat of Pavlodar Region and GIESSENHAUS LLP and a memorandum of cooperation between the Akimat of Pavlodar Region and LVG GmbH (Germany) for the creation of an aluminium production cluster have been signed recently at the investment forum in Pavlodar. SibInvestGroup LLC registered a Kazakhstan “GIESSENHAUS” LLP in Pavlodar in order to work in Kazakhstan. The main raw material for production will be primary aluminium that is produced at “Kazakhstan Electrolysis Plant” JSC (as a member of ERG) in Pavlodar with the production capacity of 250 thousand tons of primary aluminium per year, the 90% of which are sent to the foreign markets. “There is a protocol with ERG that they are ready to supply the necessary amount of primary aluminium and discuss the issues of further increase of production, if necessary,” says Anar Aitkazin. The next stage of implementation of the project of creating an aluminium cluster, according to Head of Investment Attraction Division, will be creation of the higher production areas (technological process stages), including those producing wheels for automobiles. “It will be possible to supply these products to the markets of both Kazakhstan and Europe. Negotiations with the Kostanay and Ust-Kamenogorsk assembly factories are held now. According to him, the market of Kazakhstan is small, that’s why Europe is considered, and there are agreements already with France and Germany. Answering the question of abctv.kz, what attracted the Russian investors to Kazakhstan, Anar Aitkazin said: “First of all, it is the absence of competition, nobody in Kazakhstan makes such products. In addition, without doubt, it is the investment attractiveness of Kazakhstan, since a lot of preferences, certain benefits are given, including to those who come with projects to the special economic zone. An important fact is the availability of qualified personnel and specialized educational institutions that prepare qualified personnel. Work at the zero cycle is already performed today, i.e. construction of the foundation pit. The other day we included this project into the Map of Industrialization, which means certain measures of state support. Participants of the SEZ are excused from customs and tax payments in delivering equipment, which, without doubt, reduces the cost of projects”.