International mining and metals company ME Elecmetal met with Kazakh Invest, a national investment agency, to discuss the implementation of grinding media production in Kazakhstan, QazMonitor citing Kazakh Invest.
ME Elecmetal is one of the leading manufacturers and sellers of specialized steel parts, grinding media, and other products and services for the mining market. Present in 40 countries, the company’s net annual revenue has reached $600 million.
The production capacity of the foundries is 134 thousand tons and 600 thousand tons for grinding media plants.
At the meeting, the Project Manager Diana Ablyakimova gave a quick review of Kazakh Invest’s activities, incentives provided by Kazakhstan, and the regions that are suitable for the implementation of mining projects.
"Over the last year, Kazakhstan has restored FDI indicators to the pre-pandemic period and increased it by 38%, remaining an investment magnet in Central Asia," said Diana Ablyakimova.
Rolando Medeiros, the company’s board advisor and board chairman of its major metallurgical subsidiaries, responded by saying that the company sees Kazakhstan’s market as a strategic location.
"We want to establish the processing of raw materials at the expense of high-tech production in Kazakhstan. The idea is that we see Kazakhstan as a Central Asian hub from where we can export products to the CIS and Central Asian countries. We believe that thanks to your help we will be able to start implementation of the project in the nearest future," Rolando Medeiros said.
The Chilean delegation will also hold working meetings with the leadership of government agencies as well as quasi-governmental and private sectors.