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Thursday, 14 December 2006
RUSSIAN ALUMINUM COMPANY PLANS TO INVEST $1.5 BILLION IN KAZAKHSTAN
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)