China's East Hope to build $12 bln green aluminum complex in Kazakhstan

China’s East Hope Group plans to build an integrated industrial park covering a full production cycle for manufacturing green aluminum products in Kazakhstan, with further project details discussed during a June 9 meeting between East Hope Group Chairman Liu Yongxin and Prime Minister of Kazakhstan Olzhas Bektenov in Astana, according to a release from the Embassy of Kazakhstan to China.

The integrated industrial park project stems from an investment agreement signed between East Hope and the Kazakh government in February this year, under which the Chinese company intends to invest over $12 billion in the large-scale industrial park, Mysteel Global learned. According to the meeting, the project will be developed in three phases, with the first