ASTANA, Kazakhstan, January 31. The Chinese company Dalian Hesheng plans to implement a large-scale investment project in Kazakhstan for the deep processing of up to 3 million tons of wheat in the Arshaly district of the Akmola region, Trend reports via Kazakh Invest.
In the first phase, the investment will amount to $500-800 million, with an additional $1 billion in subsequent phases. Approximately 2,000 jobs are expected to be created, which will significantly contribute to the region's development.
The production capacity of the complex will allow for the processing of 1 million tons of wheat per year in the first phase, with plans to increase this volume to 3 million tons. The projected timeline for the project launch and reaching the 3 million tons of wheat per year is not specified. Wheat for processing will be sourced from Kazakhstan’s domestic market, and the products produced (monosodium glutamate, amino acids, and eco-friendly plastic) will be targeted both for the domestic market and export.
To note, it is expected that export supplies will cover key regions, including China, Southeast Asia, Europe, and North America.
Dalian Hesheng Holdings Group Co., Ltd. was founded in 2007 with a registered capital of 1.5 billion yuan and is headquartered in the coastal city of Dalian, Liaoning Province, China.
