A major new industrial project is set to reshape Kazakhstan’s manufacturing landscape. A modern ferroalloy plant will be built in the Pavlodar region following a $23.5 million investment agreement between Chevron Direct Investment Fund Ltd. (CDIF) and Kazakhstan-based Mineral Product International LLP (MPI).
This is more than just another factory. It represents hundreds of new jobs, fresh momentum for regional growth, and a strategic move to strengthen Kazakhstan’s position in the global metallurgy market, DKNews.kz reports.
500 Jobs and 80,000 Tons of Output
The project will create more than 500 new jobs - a significant boost for the Pavlodar region. Beyond direct employment, the plant is expected to stimulate related industries, including logistics, maintenance services, and local suppliers.
The facility will produce approximately 80,000 tons per year of FeSi-75 grade ferrosilicon - a critical material widely used in steel production and alloy manufacturing. With strong international demand for ferrosilicon, the plant is expected to serve both domestic and export markets.
According to the companies, the project is backed by a sustainable and forward-looking business plan designed to deliver meaningful economic and social benefits to the region and to Kazakhstan as a whole.
Sergey Kan, shareholder of Mineral Product International LLP, подчеркнул стратегическую важность проекта:
“For MPI, this is a strategically important project that fully reflects our commitment to building strong production capabilities and implementing modern technologies. We are confident that our partnership with CDIF will enable us to deliver the project at the highest level and create a new growth driver for both the region and the industry.”
Why This Project Matters
Kazakhstan has been actively pursuing economic diversification, aiming to reduce reliance on raw material exports and expand its manufacturing base. Industrial projects like this play a critical role in achieving that goal.
The investment aligns fully with CDIF’s selection criteria and carries significant strategic potential for regional economic diversification. The fund’s mission is to support Kazakhstan’s economic growth by investing in commercially viable and перспективные enterprises across a range of sectors - from industrial production to environmental initiatives and energy-related services.
In other words, this is not just about building a plant. It is about strengthening the country’s industrial ecosystem.
A 30-Year Partnership Enters a New Chapter
Chevron’s partnership with Kazakhstan spans more than three decades, primarily in the energy sector. Over the years, that relationship has expanded into broader economic and industrial cooperation.
Dylan Morgan, Vice President of Chevron Eurasia, described the MPI project as the beginning of a new phase:
“Chevron’s partnership with the Republic of Kazakhstan spans more than 30 years, and we highly value our long-term relationship. We intend to continue contributing to the country’s economic development, and the MPI project marks a new chapter in supporting Kazakhstan’s industrial sector and local enterprises.”
His remarks highlight the confidence international investors continue to show in Kazakhstan’s economic stability and growth potential.
What It Means for the Region
Pavlodar has long been known as one of Kazakhstan’s key industrial hubs. The new ferroalloy plant will further strengthen the region’s metallurgical capacity and reinforce its role in the country’s industrial strategy.
Large-scale manufacturing projects typically generate a multiplier effect - stimulating local infrastructure development, creating new service contracts, and increasing demand for regional suppliers.
CDIF has also indicated that it will continue exploring new investment opportunities in Kazakhstan, suggesting that this project may be just the beginning of further industrial expansion.
A $23.5 million investment is not just capital - it represents confidence, technology transfer, job creation, and long-term strategy. The new ferroalloy plant in Pavlodar could mark a significant milestone for Kazakhstan’s industrial sector.
And most importantly, it is a tangible project - one that translates investment into real production, real employment, and measurable economic impact.
