Chinese company to build factory producing pulp and paper from reeds in Kazakhstan

ASTANA (TCA) — On May 21, in Astana, the Chairman of Kazakh Invest National Company for Investment Support and Promotion, Saparbek Tuyakbaev met with the head of the Chinese company Qifeng New Material, Li Hufeng, to discuss implementation of a project for the production of pulp and paper from reeds in Kazakhstan.

The Chinese investor plans to gradually invest in the project 320 million USD. In case of the project’s implementation, the volume of pulp and paper production from reeds will amount to 200 thousand tons per year, Kazakh Invest said. It is planned that the factory will employ more than 2 thousand people. In the production, ecological technology of bleaching of paper without chlorine, with the ECF label (Elementary Chlorine Free), will be applied.

Representatives of Qifeng New Material got acquainted with investment preferences for foreign companies. An agreement was reached to visit a number of regions together with Kazakh Invest representatives to choose the location of the project.

Qifeng New Material is the world’s largest producer of semi-finished decorative paper and nonwoven wallpaper. The products are exported to more than 30 countries.

Kazakh Invest National Company is authorized to implement measures of State support for Industrial and Innovative activities in attracting investment in the economy of Kazakhstan, as well as export development and promotion. It has a wide network of representatives abroad. Kazakh Invest provides a full range of services to support investment projects from idea to implementation on the principle of “one-stop shop” and acts as Unified Coordination Center for Special Economic Zones of Kazakhstan.

Sergey Kwan

TCA

Sergey Kwan has worked for The Times of Central Asia as a journalist, translator and editor since its foundation in March 1999. Prior to this, from 1996-1997, he worked as a translator at The Kyrgyzstan Chronicle, and from 1997-1999, as a translator at The Central Asian Post.
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Kwan studied at the Bishkek Polytechnic Institute from 1990-1994, before completing his training in print journalism in Denmark.

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