Thursday, 14 December 2006

RUSSIAN ALUMINUM COMPANY PLANS TO INVEST $1.5 BILLION IN KAZAKHSTAN

Published in News Digest

By empty (12/14/2006 issue of the CACI Analyst)

Artyom Volynets, business development manager for the Russian aluminum company SUAL, told an investment forum in Almaty on December 14 that SUAL plans to build a $1.5 billion smelter in Kazakhstan. Volynets said that if a feasibility study is successful, construction will start in 2008 and production in 2010, with production reaching full capacity of 500,000 tons a year in 2011.
Artyom Volynets, business development manager for the Russian aluminum company SUAL, told an investment forum in Almaty on December 14 that SUAL plans to build a $1.5 billion smelter in Kazakhstan. Volynets said that if a feasibility study is successful, construction will start in 2008 and production in 2010, with production reaching full capacity of 500,000 tons a year in 2011. Additionally, SUAL has signed a memorandum of understanding with the Kazakh electricity company Nurenergoservice to supply the smelter with power. (RBK)
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The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.

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