BAKU, Azerbaijan, September 25. China’s Fufeng
Group plans to establish a long-term partnership with Kazakh
farmers for corn procurement and training qualified specialists,
Chairman Li Xuechun said during a meeting with Kazakhstan President
Kassym-Jomart Tokayev in Almaty today, according to the president’s
press service.
The meeting took place on the sidelines of the Kazakhstan-China
Investment Forum.
During the meeting, Tokayev congratulated Li Xuechun on the
launch of the industrial park for deep processing of corn in
Kazakhstan’s Zhambyl region. The president said the facility is of
strategic importance for Kazakhstan’s industrial development and
the formation of a new area of agro-industrial biotechnology.
He stressed the importance of ensuring stable supplies of raw
materials and creating an agricultural belt around the industrial
park.
Li Xuechun, in turn, said Fufeng Group plans to build a
long-term partnership with Kazakh farmers for corn procurement and
the training of qualified specialists.
The parties also discussed the possibility of establishing a
joint educational program with Kazakh universities and an R&D
center at the enterprise, involving domestic research
institutions.
The Fufeng Group chairman noted Kazakhstan’s strong resource
advantages and favorable conditions for implementing large-scale
projects, including in agriculture.
Investment in the production complex will amount to $350 million
at the first stage, with the plant set to process up to 500,000
tons of corn annually.
At the second stage, the plant’s capacity is planned to increase
to 3 million tons of corn per year, with an expanded range of
products. Investment at this stage will amount to $1.15
billion.
The development of the industrial park is expected to create
around 1,500 jobs and establish a full production cycle for deep
grain processing in Kazakhstan.
