Recently, (hereinafter referred to as "China Material Cement") and Kazakhstan Primus Capital (Primus Capital) jointly formed a QazCement Industries LLP (hereinafter referred to as "QazCement"). A modern cement plant construction project was officially launched in Baygansky District, Aktobe Oblast, Kazakhstan. The plant, built at a cost of about US $200 million (equivalent to about RMB 1.384 billion), has a planned capacity of 3,500 tons of clinker cement per day, and the first phase of the project is expected to be put into operation in 2027. After the completion of the
project, it will effectively fill the gap between supply and demand of cement in western Kazakhstan, reduce the country's dependence on cement imports from Russia and Iran, and provide strong support for the vigorous development of the local construction industry. In terms of employment absorption, 1,260 jobs will be created in the whole process of construction and operation of the cement plant, of which 900 jobs will be provided in the construction phase, 250 jobs will be provided in the first phase of operation, and more than 110 jobs will be provided in the second phase of operation.
According to the plan, the project also retains the flexibility to further increase production capacity to 2 million tons per year in the second phase of the project to better meet future market demand. On April 29,
China National Materials International Engineering Co., Ltd. issued the Announcement on Foreign Investment (Overseas) of Important Shareholding Companies. It is disclosed that Sinoma Cement plans to set up Sinoma Cement (Central Asia) Investment Co., Ltd. (Hereinafter referred to as "Central Asia SPV Company") in the United Arab Emirates through its wholly-owned subsidiary Sinoma Cement (Hong Kong) Investment Co., Ltd., with Central Asia SPV Company as the main investor, to increase the capital of QC Company by US $37.8504 million and acquire 70% of its equity. It is also responsible for the construction and operation of cement plants. The in-depth cooperation
between Sinoma Cement and Primus Capital marks the determination of both sides to promote the upgrading of Kazakhstan's cement industry.
It is understood that Sinoma Cement, as an overseas investment and operation platform of Tianshan Stock Company, currently has a total cement production capacity of 3.5 million tons, clinker production capacity of 1.55 million tons, commercial mixing production capacity of 200000 square meters, aggregate production capacity of 2 million tons and sintered brick production capacity of 60 million pieces in Zambia, Nigeria, Tunisia and Mongolia.
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