Attracting foreign capital into the activities of the management companies of Taraz Chemical Park SEZ and NIPT SEZ, as well as implementation of investment projects in the territory of the SEZ is a priority for United Chemical Company LLP.
UCC implements several major investment projects in the field of agrochemistry and petrochemistry at the sites of special economic zones (SEZ) in Atyrau and Zhambyl regions. To date, infrastructure is being built, as well as integrated complexes for the production of basic chemistry and petrochemistry products are being implemented. The selection of regions is not accidental – Atyrau and Zhambyl regions have a strong industrial foundation based on traditional local industries – petrochemistry and agrochemistry.
In Atyrau region, on the basis of National Industrial Petrochemical Technopark SEZ, basic products have been identified – polypropylene and polyethylene, which make up more than 60% of the consumption of all polymers. Moreover, in the medium term until 2030, their consumption will only increase. These polymers are the raw materials for the products of subsequent processing at small and medium-sized businesses. In general, on the basis of basic petrochemical products, it is planned to create many types of high-grade polymer products sold by entrepreneurs.
Within the framework of the “Nurly Zhol” infrastructure development state program, a phased construction of external, internal and industrial infrastructure is being carried out at the territory of the NIPT SEZ. Today, the external infrastructure is fully ready, which ensures the functioning of the existing plant for the production of polymer products, as well as construction of the complex for production of polypropylene and production infrastructure facilities. These are an access road, overpass, access roads, railway station, drinking water pipeline, power line and substation.
In Shu district of Zhambyl region, projects of the agrochemical sector are being developed at the territory of the Taraz Chemical Park SEZ and it is planned to create large- and medium-tonnage production of basic chemical products, such as caustic soda, chemical reagents for various industries (hydrochloric acid, calcium hypochloride, sodium hypochloride, calcium chloride), glyphosate, glyphosate-containing herbicides, ammonium sulfate, etc.
At the moment, the construction of the SEZ infrastructure is being completed at the territory of the Taraz Chemical Park SEZ and construction of the integrated complex for glyphosate (herbicide) and phosphorus trichloride production has begun. This project is aimed at import substitution and should provide the agricultural sector of the country with the necessary chemicals to increase yields.
To attract investors to Kazakhstan, on April 11, the Investor Day of JSC “Sovereign Wealth Fund “Samruk-Kazyna” was held at the Shanghai Stock Exchange. The event was held as part of the implementation of the Privatization Program, which involves withdrawal of 215 assets of the Fund to the competitive environment, including the projects of United Chemical Company LLP were presented.
According to the management of Samruk-Kazyna JSC, privatization plays a key role in the implementation of the Fund’s Development Strategy. It will increase the competitiveness and efficiency of the group of companies, improve the quality of corporate governance.
In this regard, on April 26-27, Mr. CHEN SHUIGUN, CEO of WINTA Investment Fund, and Mr. TIAN ZHIYUAN, Vice President, visited the territory of the Taraz Chemical Park SEZ and NIPT SEZ, where the delegation was informed about the progress of the SEZ construction, about potential, ongoing projects and opportunities for further cooperation.
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Winta Group is the comprehensive investment company specializing in equity investments, asset management, industry development and financial consulting services. The credited capital of Winta Group is 2 billion Yen. Winta Group’s business is focused on real estate, mineral resources, securities trading, gold investments and equity investments. Winta Group is headquartered in Beijing, China.
Following the visit, representatives of Winta Investment Group Co. LTD expressed interest in the joint management of the SEZ, in improving the efficiency of the SEZ management and in attracting participants/investors to their territory and agreed to announce in the near future intentions for cooperation with the participation of Samruk-Kazyna JSC.
Ablai Moldagulov – Project Manager of the Asset Management Department.
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