Kazakhstan To Build Its First Sanitary Ceramics Factory
According to Kazakhstan Today, Kazakhstan will invest more than 1 trillion tenge (14.7 billion yuan) in 165 new construction industry projects by 2025 in order to provide local building materials to the market. This includes flat glass, tiles, sanitary ware, facades, insulation materials, etc. The share of imports is expected to decrease from 42% to 27% by 2025.
Currently Kazakhstan’s sovereign wealth fund Samruk-Kazyna and Samruk-Kazyna Construction Company are investing in the construction of 23 projects, including joint investments with existing building materials companies. The total cost of the projects is 395 billion tenge (5.8 billion yuan), of which the share of amruk-Kazyna Construction Company is 10%, about 40 billion tenge (600 million yuan). The project implementation period will be from 2022-2024.
Among them, Nur Sultan will create five key building materials projects. It is said that an Italian company will invest in the construction of the first sanitary ceramics factory, which will provide 280 jobs. However, there is also news that the first sanitary ceramics factory is a joint investment by Kazakhstan’s sovereign wealth fund Samruk-Kazyna and Samruk-Kazyna Construction Company and the furniture manufacturer Mebitex Group of Companies in Nur Sultan. In addition to this, it will also jointly invest in four other projects such as tiles, windows and doors.
It is reported that the first sanitary ceramics factory in Kazakhstan will invest about 61 billion tenge (900 million yuan) and can produce 570,000 pieces per year.
The other four projects of the tile factory will have an investment of about 25 billion tenge (RMB 400 million) and can produce 3 million square meters per year.