Metallurgical Plant by Fujian Hengwang Investment Co., Ltd. in Jibek Joly SEZ
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
Last Updated: 6 July 2026
Publication: 1 December 2025
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 investments in the country. It will produce a wide range of products — including wire rod, rebar, strip steel for pipe production, angle and profile steel — using Kazakh raw materials (natural gas, iron ore, lime). The plant is designed to operate using modern Direct Reduced Iron (DRI) technology, which the investor claims will yield steel with high iron content (over ... Read more
Involved Companies & Contacts
INVOLVED COMPANIES & CONTACTS
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COMPANY 2 INFO
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Location
Locations shown on the map are for indicative purposes and may vary from actual locations.
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.
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