Postpone the launch date of the glass factory in the Kyzylorda region
"This year we expected to introduce a glass factory, but, unfortunately, due to circumstances beyond our control, due to issues that arose between the founders, the commissioning of the plant is postponed to 2019," the press service said on Thursday, November 8 regional akim.
The project "Construction of a plant for the production and processing of sheet glass" with a capacity of 197.1 thousand tons per year is implemented by Orda Glass ltd.
The project cost is 36.7 billion tenge.
At this time, most of the work on launching production has already been completed: all equipment has been supplied to the plant site, 90% of construction and installation work has been completed, work is underway to build a railway siding, water supply and sewerage.
Earlier it was reported that the project will be commissioned in December 2018.
Orda Glass ltd LLP is the initiator of the project. The company was formed in 2015. In the same year, the construction of the plant began.
As reported, the ex-Minister of National Economy Kuandyk Bishimbayev prior to his appointment as Minister, being the head of the board of the Baiterek national holding, organized a criminal scheme for embezzling budget funds in the construction of a plant for the production and processing of flat glass in Kyzylorda through a subordinate company, OrdaGlass LLP, and its contract organization, Shymkenthimmontazh LLP.
Subsequently, the plant changed the contractor, the largest shareholder also changed.
The key shareholders of Orda Glass Ltd LLP are currently China Triumph International Engineering Co. (69.71%) and the company Stewart Engineers (20.29%). The investment fund of Kazakhstan owns 10% of the enterprise.
China Triumph International Engineering Co., Ltd is the main engineering division of the state-owned China National Building Material Group Corporation, specializing in the design and construction of glass factories and the production of new materials. China Triumph International is one of the world leaders in the global glass industry and a strategic partner of leading industrial corporations: Guardian Glass, AGC Asahi Glass, Nippon Sheet Glass (Pilkington).
Stewart Engineers, Inc. - an engineering company with a leading position in the field of float glass production technologies and coating systems.
The Investment Fund of Kazakhstan JSC is a national development institute and management company in the field of restructuring and management of stressful assets. The Fund is a subsidiary of Baiterek National Management Holding JSC.