China’s East Hope Group (EHG), a global leader in aluminum and silicon production, plans to invest more than $12 billion in a large-scale non-ferrous metals production and processing project in Kazakhstan.
The project was discussed last week during a meeting between Yerzhan Yelekeyev, Chairman of the Board of Kazakh Invest, and Changjun Meng, General Director of EHG.
According to Kazakh Invest, EHG plans to build a large industrial park in Kazakhstan, incorporating advanced technologies in non-ferrous metallurgy. The facility will focus on deep metal processing and the production of finished goods for export to the European Union, Central Asia, and China. The project is expected to create up to 10,000 jobs at various stages of implementation.
According to Changjun Meng, EHG has already registered a subsidiary in Kazakhstan, which will serve as the project’s main operational center. The company has completed preliminary geodetic and hydrogeological studies of land plots across several Kazakh regions and plans to begin a detailed site assessment in the near future.
Yelekeyev pledged comprehensive government support for the investment project, emphasizing its significance for Kazakhstan’s industrial sector.
“Attracting major strategic investors like East Hope Group opens new opportunities for Kazakhstan,” Yelekeyev stated. “We see this project not only as a large investment but also as a way to introduce advanced technologies, create new jobs, and localize production. It will strengthen Kazakhstan’s position in the global non-ferrous metals supply chain and significantly expand finished product exports.”
EHG has expressed its readiness to sign an investment framework agreement with Kazakhstan’s Ministry of Foreign Affairs and the Ministry of Industry and Construction, marking a significant step forward in the project’s development.
