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【Ferro-alloys.com】: The project, which will be implemented in three stages, will cost $120 million

China’s Shandong Aipurui Steel Plate Co. Ltd intends to set up a $120 million steel plant in Uzbekistan’s Ferghana region. This was reported by the regional authorities.

The project involves the construction of a steel processing plant in the Tarakkiyot industrial zone in the Toshlok district.

The investment project will be implemented in three stages and will create 500 new jobs. It is planned to produce high-quality processed metal products for both the domestic market and export.

The first stage of the plant is expected to be launched in October this year.

In particular, the governor of the region, Khairullo Bozorov, noted that work on the joint project is proceeding at a rapid pace. The parties also discussed joint projects to develop infrastructure in the area around the production facility.

Last fall, Kazakhstan’s Qarmet (formerly ArcelorMittal Temirtau) and China’s Xinxing Ductile Iron Pipes Co. agreed to build a plant for the production of high-strength nodular cast iron pipes with a capacity of 200 thousand tons per year in Kazakhstan. The deal is worth $161 million, and the company’s products will be used for projects to build and modernize the country’s housing and utilities infrastructure.

In addition, Qarmet signed an agreement with China Metallurgical Group Corporation on long-term cooperation in the mining and metallurgical industries worth $1 billion.

• [Editor:Alakay]