Kazakhstan: The Governor of Aktobe, Berdybek Saparbayev, and Chairman of the Board of Huaxin Cement, Xu Yongmo, have signed an agreement on an investment project for the construction of a cement plant in Kargaly, Aktobe.
Huaxin Cement has decided to invest US$150m in the construction of the 1Mt/yr plant, which will produce different cement types, including oil-well cement. The construction of the plant is scheduled to start in the middle of 2016. The project does not require any investment from the state budget. In addition, it will reduce the need to import cement from Russia.