With vast arable land in a country of land size of 2.73 million sq.km, Kazakhstan is slated to be the next global grain and agriculture giant attracting foreign investors particularly from neighbouring China.
Recently, China-based Shengtai Biotech Co., Ltd has unveiled plan to open a ₸800 billion (US$1.57 billion) deep corn processing plant in the country which will also be the largest in Central Asia.
Shengtai Biotech Co., Ltd is part of Seres Biotech BV, a subsidiary of one of the largest Chinese food and chemical companies, Fufeng Group. The plant’s production capacity will be 3 million tonnes of corn per year and it will employ up to 1,500 people.
Meanwhile, Zhongkai Kazakhstan International Sugar Industry Co., a subsidiary of China-based Zhongkai Guoyuan (Anhui) Industrial Investment Co. has announced plan to build a sugar plant in the country with a capacity of 1 million tonnes of sugar beet annually. The company aims to produce 130,000 tonnes of sugar, 72,000 tonnes of beet flour, and 54,000 tonnes of molasses per year. The project is estimated to cost ₸108 billion (US$ 210 million) and will create 350 new jobs.
