The total cost of the Project amounted to 34 billion 150 million tenge, of which 24 billion 120 million tenge was provided by the DBK as a loan for a period of 11 years as part of the State Program for Industrial and Innovative Development of the Republic of Kazakhstan for 2015-2019. The target direction of borrowed funds is construction and installation work, including the construction of buildings and structures, as well as the purchase, supply and installation of equipment.
“This project is key in the field of metallurgy, it is investment attractive, and more relevant than ever, since it meets the main objectives set by the country's leadership - the development of domestic exports and the expansion of existing sales markets. The products manufactured by “YDD Corporation” LLP are 100% export oriented. At the same time, it is worth noting that the share of Kazakhstani content in the production will be more than 94%,” said Erlan Nigmatulin, the founder of “YDD Corporation” LLP.
The main volume of ferrosilicon, which is one of the most important elements in the production and alloying of steel, is planned to be delivered to Russia, Turkey, South Korea, the USA and the EU countries. The project has an important social effect, the plant will create more than 350 new jobs at the first stage. In the future, with an increase in the capacity of the plant, more than 200 jobs will appear. It should be noted that the factory installed the latest technological equipment, the operation of which requires a high specialization of employees. It also needs to be highlighted that the financing of the project was started only last year. The founders and the management of the company ensured not only the high-quality construction of the plant, but also the commissioning of the plant on time. The plant was built in record time of 1 year and 11 months,”
“The peculiarity of the implementation of this Project is the use of the latest global technological developments of the production cycle, for example, the level of gas purification of the Plant is 99,8%. The leading world companies, experts in the field of engineering and high-tech industry from Sweden, Denmark, Turkey, China, Georgia, Russia and Kazakhstan, took part in the construction of the Karaganda ferroalloy plant”, said Dinmukhamed Baizhanov, the Deputy Chairman of the Board of the Ordabasy Group.
“Development Bank of Kazakhstan” JSC (DBK) is the national development institute for the modernization and development of the non-primary and infrastructure sectors of the economy of Kazakhstan, established in 2001. The main activities: development of production infrastructure and manufacturing industry, promotion and attraction of foreign and domestic investments in the economy of the country. DBK is one of the largest investment operators of state programs for industrial and innovative development. DBK is a member of the “Baiterek” National Managing Holding” JSC.
“YDD Corporation” LLP is a company engaged in the construction of a plant for the production of ferrosilicon in Karaganda, with a view to the subsequent sale of products in export markets. The company was established at the end of 2016.
Public Relations Service of “Development Bank of Kazakhstan” JSC: +7 (7172) 79 26 08 (www.kdb.kz, facebook.com/kdb.kz, Twitter@KDBkz)
