Tokayev launches corn deep-processing plant construction in Zhambyl region
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Kazakh President Kassym-Jomart Tokayev launched construction of a corn deep-processing industrial park in Zhambyl region via video link at the Kazakhstan-China investment forum. The project is implemented by China's Fufeng Group with first-stage investment of $350 million. The plant will process up to 500,000 tonnes of corn per year.
Key Facts
- The project is implemented by China's Fufeng Group, a global leader in bio-fermentation.
- First-stage investment totals $350 million, with capacity to process 500,000 tonnes of corn per year.
- The second stage will raise capacity to 3 million tonnes of corn per year and expand the product range, with total investment of $1.15 billion.
- The industrial park is expected to create about 1,500 jobs and establish a full grain deep-processing cycle in Kazakhstan.
- The launch took place on the sidelines of the Kazakhstan-China investment forum in Almaty, where 10 agreements were signed.
Project Launch
Kassym-Jomart Tokayev gave the start to construction of the corn deep-processing industrial park in Zhambyl region via video link at the Kazakhstan-China investment forum. The ceremony was held on the sidelines of the forum in Almaty, where 10 agreements were signed. The project is implemented by China's Fufeng Group, one of the world leaders in bio-fermentation.
Investment and Capacity
First-stage investment in the production complex amounts to $350 million, with the plant processing up to 500,000 tonnes of corn per year. The second stage provides for increasing capacity to 3 million tonnes of corn per year and expanding the product range. Total investment at this stage will reach $1.15 billion. The industrial park is expected to create about 1,500 jobs and form a full grain deep-processing cycle in Kazakhstan.