Kazakhstan: Zhambylgypsum plans to start a gypsum production line in the Zhambyl region by the end of 2015, according to the ADM Kazakhstan Capital Restructuring Fund.
"This will be the first such facility in the post-Soviet era. The plant will produce 600t/day of gypsum and 15m3/hr of fluff perlite, 7t/hr of calcite flour and 30t/hr of dry mortar," said Zhambylgypsum head Kaynarbek Kusayynov.
ADM Kazakhstan Capital Restructuring Fund, part of Kazyna Capital Management, provided funds for the project, in particular for the expansion of production capacities and purchase of gypsum calcination equipment. ADM KCRF was set up in 2010 with capital standing at US$100m. Its main investors are the European Bank for Reconstruction and Development and JSC Kazyna Capital Management.
