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Metallurgical Plant by Fujian Hengwang Investment Co., Ltd. in Jibek Joly SEZ
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PROJECT ID
1305202560
SECTOR
Mining & Metallurgy
PROJECT PHASE
Procurement & Construction
LOCATION
Zhambyl, Казахстан
START DATE
4/16/2025
END DATE
1/1/2029
INVESTMENT VALUE
$ 1200 M
Active
Verified
Updated: 2 Days ago
Publication: May 8, 2026
Project Description
Fujian Hengwang Investment plans to build a large-scale steel production complex within the Jibek Joly Special Economic Zone in Kazakhstan’s Zhambyl Region. The plant’s capacity is projected at up to 3 million tonnes of steel per year, making it one of the largest metallurgical i... Read more
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Other important details
A subsidiary has been registered in Kazakhstan — LLP “Yonggang Central Asia Iron and Steel”, which has obtained the status of a SEZ participant.
Employment: The project is expected to create approximately 2,500 jobs in the region.
Resource Utilization: The plant will utilize local raw materials, including natural gas and iron ore from the Karaganda, Kostanay, and Ulytau regions, as well as lime.
Product Range: The facility will produce wire rods, reinforcement bars, strip steel for pipe production, and angle and profile steel.
Energy Infrastructure: A 350-megawatt gas turbine power plant will be constructed in the second phase to meet the metallurgical plant's energy requirements.
Technology: direct reduction of iron (DRI), enabling high-quality steel (> 90 % iron content) — cited as a key competitive advantage.
Sources
Publication Date
12/1/2025