The Chairman of the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan, Ardak Zebeshev, and the Chairman of the Board of "NC "KAZAKH INVEST" JSC, Meirzhan Yussupov, held a meeting with the Chief Operating Officer of the Spanish chemical company MAXAM, Juan Carlos Garcia. During the negotiations, the parties discussed the implementation of an investment project for the production of special components for mining operations in the country, DKNews.kz reports.
The company has been present in the Kazakh market since 2002, and its main clients are mining companies such as Kazakhmys, ArcelorMittal, Kazcink, as well as Bogatyr Access Komir and CentralAsiaCement.
MAXAM's Chief Operating Officer Juan Carlos Garcia explained that due to the geopolitical situation in the region, the company has been experiencing difficulties in transporting its products and accessing raw materials. Therefore, the company is considering the possibility of relocating its production facilities from Russia to Kazakhstan. He stated that the amount of investment could be more than $15 million.
The Chairman of the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan, Ardak Zebeshev, talked about the advantages of investing in Kazakhstan, the favorable business climate of the country, and the measures of state support for the implementation of investment projects.
In turn, the Chairman of the Board of Kazakh Invest, Meirzhan Yussupov, talked about the activities of the national company and invited the Spanish company to expand investment cooperation.
The visit of the Spanish company was organized by Kazakh Invest and the Embassy of the Republic of Kazakhstan in the Kingdom of Spain.
MAXAM is an industrial group that is one of the world leaders in the development and production of explosives and blasting systems for civilian use in mining, construction, etc. The company manufactures cartridges and gunpowder for sports shooting and hunting, and is a supplier of various chemicals and fertilizers.
