Huaxin Cement signed cement project investment agreement with Kazakhstan

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   On December 13, at the third meeting of the China-Kazakhstan Entrepreneurs Committee held at the Diaoyutai State Guesthouse in Beijing, Xu Yongmo, Chairman of Huaxin Cement Co., Ltd., signed a cement project investment agreement with Sapalbayev-Begirbek, Governor of Aktobe State of Kazakhstan. More than 300 people, including Kazakh Prime Minister Masimov and representatives of relevant departments of the Chinese and Kazakh governments and entrepreneurs, witnessed the signing of the agreement.

   Kazakhstan is the largest economy in Central Asia and an important country along the "the Belt and Road" plan. In promoting the construction of the Silk Road Economic Belt, Kazakhstan was the first to intervene and shares common interests with China. The first phase of the project is located in Aktobe State in the west of the country, with an investment of 150 million US dollars and a new dry process clinker cement production line with an annual output of 1.5 million tons. The project is adjacent to the railway, with convenient transportation. After the project is put into operation, the cement products can be radiated to five States in the northwest of Kazakhstan, and can also be exported to Russia to better support the future infrastructure construction of Kazakhstan. Moreover, unlike the cement projects built by Huaxin in the past, the project will use abundant local natural gas resources instead of coal to produce cement, which will play a positive role in energy saving, emission reduction and production cost reduction.

   Before the signing of the investment agreement, Xu Yongmo, chairman of the board of directors of the joint-stock company, and Liu Yunxia, vice president of the company, held talks with Sapalbayev-Begirbek, governor of Aktobe State of Kazakhstan. The two sides exchanged views on the commencement of the project, the progress of the project, the construction of supporting facilities and corporate social responsibility. Sapalbayev-Begirbek expressed his full support for Huaxin. Promote the early completion of the project.

   The signing of the project investment agreement between Huaxin and Kazakhstan means that Huaxin has made a new breakthrough in its investment strategy in Central Asia. In the future, Huaxin will focus on Kazakhstan, increase investment and further consolidate its leading position in Central Asia.