Kazkommerts Invest JSC (Kazakhstan) informs on construction beginning of cement plant in Zhambyl region

/KASE, May 28, 2008/ - Kazkommerts Invest JSC (Almaty), bonds of which are traded in category "A" official list of Kazakhstan Stock Exchange had furnished KASE with press release, which informs that May 27, 2008 was held the ceremony of first stone laying in the construction place of cement plant of Zhambyl cement production company. Boribay Zheksembin, akim of Zhambyl region, Gi Sidos, general director of Vicat Group (France) and Ajbar Dautov, the director of Kazkommerts Invest participated in trades. According to press release the cement plant with 1.1 m. tons a year capacity will put into practice in 2010 and provide 400 work positions. The company China Triumph Engineering International (China) will lead construction. "Project value is estimated in $230 m. (150 m. EURO), which will be refinancing, except $60 m. of company's shareholders equity, at the expense of syndicated loan, provided by National Bank" - is said in the press release. Today 60% stake in the project owned by Vicat Group, 40% - by Kazkommerts Invest JSC. [2008-05-28]