Displaying items by tag: Kyrgyzstan

Kyrgyzstan: A ground-breaking ceremony was held on 29 August 2014 at the site of a new cement plant in Kemin, Chui Province, about 13km east of the Kyrgyz capital, Bishkek. The plant, which is being constructed by Chinese investment, will cost around US$70m, according to Sun He, business counsellor with the Chinese Embassy in Kyrgyzstan.

Kyrgyz first vice prime minister Tayirbek Sarpashev said that he was confident that the cement plant would bring more jobs to Kemin and bring about tax revenues of between US$10m and US$15m each year upon completion.

Zhu Rongjun, general manager of ZETH-Cement, the Chinese investment subsidiary that is registered in Kyrgyzstan and the investor of the new cement plant, said that it would use advanced technology for production at the plant. Zhu added that the plant would start formal construction in 2014 and be completed and put into production within 15 months.

Kyrgyzstan: Gansu Shangfeng Cement has announced its subsidiary Tongling Shangfeng Cement has signed a cooperation letter of intent with Zhu Rongjun to buy equities and invest in Zeth Cement in Kyrgyzstan.

Initially the two companies intend to build a 300t/day clinker production line and support cement production lines in Chui province. Tongling Shangfeng will hold 58% of Zeth Cement and Zhu will own the remaining 42%. Zhu has agreed to inject limestone mining rights and land-use rights that the company owns or controls for cement production into Zeth.

Kyrgyzstan: During the visit of Kyrgyz Deputy Prime Minister for Economy and Investment Tayirbek Sarpashev's to China, an agreement has been reached with Chinese investors to build a cement plant in Kemin.

The plant's capacity will be 1.8Mt/yr or 2500t/day. The construction period of the plant should take from one year to 18 months. Investments are expected of more than US$50m. It is planned that construction will begin in April 2012.

"It covers our volume and will lead to lower prices in the market and will substantially reduce the cost of construction in the north of Kyrgyzstan," said Sarpashev.

Kyrgyzstan: A rally against the Aravan Cement Plant had been held in the Aravan district of the Osh region in southern Kyrgyzstan.

Protestors demanded that cleaning filters be installed at the plant, funds be allocated to the local budget and local infrastructure be improved. In addition, they demanded that the plant owners sell cement to residents of the Aravan district at discounted prices.

The protesters have vowed to block the Aravan-Osh road if the plant's management ignores their demands. Additionally they have threatened to revoke the mandate of member of parliament Azamat Arapbaev, who is one of the plant's owners. The rally follows a residents meeting held on 12 September 2012 where similar demands were raised.

Critics of the protest have blamed professional agitators seeking money. In May 2012, a special commission conducted analysis of the air, water and soil at the plant and concluded that all the data met the required standards.

The Aravan Cement Plant started operation in September 2008 with a capacity of 200,000t/yr. About 380 people work at the site. The Aravan Cement Plant is a Kyrgyz-Chinese company.