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Metallurgical Plant by Fujian Hengwang Investment Co., Ltd. in Jibek Joly SEZ
Project ID:
1305202560
Project Name:
Metallurgical Plant by Fujian Hengwang Investment Co., Ltd. in Jibek Joly SEZ
Project Sector:
Mining & Metallurgy
Photo source:
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 90 %), boosting competitiveness. The project also envisages building a dedicated 350 MW gas-turbine power plant to supply required energy. The investment is expected to create around 2,500 jobs in the region, stimulating local economy and export potential.
Project Phase:
Procurement & Construction
Investment Value:
1 200 000 000 $
Location:
Zhambyl, Казахстан
Start Date:
4/16/2025
End Date:
1/1/2029
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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.
Publication/Revision Date:
12/1/2025