Turkish company plans to build a sugar refinery in Kazakhstan

NUR-SULTAN (TCA) — Turkish investors from Kayseri Seker Fabrikasi are planning to build a sugar refinery in Kazakhstan’s Pavlodar region. The Turkish businessmen announced their intentions during a visit to Kazakhstan, organized by Kazakh Invest national investment promotion company jointly with the Embassy of Kazakhstan in Turkey. The Turkish investors also discussed the upcoming project with Akim (Governor) of Pavlodar region Bulat Bakauov, Kazakh Invest reported.

According to Ismayil Gedik, Kayseri Seker Fabrikasi’s Deputy Chairman of the Board, the company has extensive experience and advanced technologies in this industry and is interested in beet sugar production in Kazakhstan.

“Turkey is the world’s fifth-biggest in terms of beet sugar production. Today we see the market demand and believe that Kazakhstan has every opportunity to develop its own sugar industry. Kayseri Seker Fabrikasi, with over 50 years of experience in the sector, is ready to assist in development of this industry,” said Ismayil Gedik.

The share of local beet sugar producers in Kazakhstan is 10%.

The planned plant, worth €200 million to 250 million, will process up to 10 thousand tons of beets per day and produce 240 thousand tons of sugar per year. In case of successful project implementation, the share of Kazakhstan sugar in the domestic market will increase immediately by 50%.

Kayseri Seker Fabrikasi is a Turkish company that combines three sugar plants in Turkey, with a total production capacity of 460 thousand tons of beet sugar per year. At the end of 2018, Kayseri Seker Fabrikasi’s revenue amounted to about $600 million, the number of employees exceeds 2.5 thousand people.

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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