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News Korcem to establish 1.5Mt/yr Korday cement plant in Zhambyl

Korcem to establish 1.5Mt/yr Korday cement plant in Zhambyl

Written by Global Cement staff 27 September 2021
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Kazakhstan: Korcem, a joint venture of International Cement Korday and Nurzhan Shakirov, plans to invest US$150m in the upcoming 1.5Mt/yr Korday cement plant in Zhambyl region. The company has a mining licence for 11ha of land in Korday district. International Cement Korday, a subsidiary of Singapore-based International Cement Group, holds 88% of shares in the venture. The plant is scheduled for commissioning in mid-2023.

Chair Ma Zhaoyang said “With our accumulated capabilities and experience in the cement industry in Central Asia, as well as Nurzhan Shakirov’s extensive local expertise in Kazakhstan, we are confident that this joint venture will be another success.”

Last modified on 29 September 2021
Published in Global Cement News
Tagged under
  • Kazakhstan
  • Plant
  • Joint Venture
  • International Cement Group
  • International Cement Korday
  • Singapore
  • Nurzhan Shakirov
  • Shares
  • Stake
  • Investment
  • Mining
  • Licence
  • GCW525

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