Kazakhstan PM held meeting with President of Board of Directors of Arcelor Mittal Company
Astana. October 6. Kazakhstan Today - The Prime Minister of the Republic of Kazakhstan, Karim Masimov, held the meeting with the President of the Board of Directors of Arcelor Mittal Company, Lakshmi Mittal, on Friday, the agency reports referring to the prime minister's press service.
According to the press service, the interlocutors discussed the pressing questions of manufacture at the Karaganda metallurgical combine and prospects of development of the company.
As for the current situation on Karmetcombinat, L. Mittal noted that "the company has faced the consequences of global economic crisis that caused decrease of demand of production of the company."
"Our consumers buy less than steel, prices for production decrease; therefore, in current conditions we have made a decision to lower our manufacture. Now we work over production plan, which will allow us to satisfy production demand when it grows," L. Mittal said.
L. Mittal assured that "despite of the problems caused by global economic crisis, Arcelor Mittal plans to continue the investment program in Kazakhstan and to adhere to the earlier made plans." "We will further invest in Kazakhstan, in particular, in Karmetcombinat, having doubled its capacities," the chairman of the metallurgical company said.
According to the press service, K. Masimov as a whole has approved the long-term plan of development of the company.
This information may not be reproduced without reference to Kazakhstan Today
relevant news
Olzhas Bektenov meets with Chairman of XUAR People's Government of China Erkin Tuniyaz
An important direction of our interaction is the expansion of investment cooperation, supported by new joint industrial projects, including in the fields of petrochemicals and metallurgy," Olzhas Bektenov emphasised and noted the significant potential for diversification of trade relations.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
Head of State sent a telegram of congratulations to the President-elect of Indonesia
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
Cyprus set to open its embassy in Kazakhstan
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
Olzhas Bektenov leaving note in condolence book at Russian Embassy in Astana
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
Kassym-Jomart Tokayev has phone conversation with Vladimir Putin
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
Olzhas Bektenov and EDB head Nikolai Podguzov discuss joint implementation of infrastructure projects
The bank's priority should be the financing of large infrastructure projects. We are ready to expand co-operation with the bank on mutually beneficial terms," Olzhas Bektenov said.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
Kazakhstan-Uzbekistan trade and economic cooperation: Olzhas Bektenov pays working visit to Tashkent
The Presidents of the two countries have set a task to bring Kazakhstan-Uzbekistan co-operation to a qualitatively new level. We see a significant potential for increasing trade turnover and will make all necessary efforts to achieve high results of our interaction both in bilateral and multilateral formats," Olzhas Bektenov stressed.
The leaders of our countries have identified specific tasks on further expansion of multifaceted relations between the two countries. I express readiness to take all necessary measures to fulfil these tasks," Abdulla Aripov said.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
How EU carbon tax will affect Kazakhstan's industrial sector
Our producers have questions related to the new cross-border tax initiative. We support the EU’s goals for sustainable development and decarbonization, but these goals should not create obstacles to international trade", - said Nurlan Kulbatyrov.
The higher the hydrocarbon component in Kazakhstan’s exports, the higher the taxes and fees will be in importing countries. Therefore, it is necessary to develop an action plan for the modernization of technological production processes, to provide funds for their implementation, including budget funds", - said Ainur Amirbekova.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
Most viewed
23.03.2024, 20:39Earth Hour 2024 returns by providing 60 minutes of global unity around the world, in support and celebration of the planet 23.03.2024, 19:31 24726Kassym-Jomart Tokayev has phone conversation with Vladimir Putin23.03.2024, 17:34 23336President chairs extraordinary Security Council meeting25.03.2024, 11:16 17261Olzhas Bektenov leaving note in condolence book at Russian Embassy in Astana25.03.2024, 20:19 17031Head of State sent a telegram of congratulations to the President-elect of Indonesia
04.03.2024, 18:28 94901Implementation of Artificial Intelligence in Geology: Memorandums of Understanding Signed During Kanat Sharlapayev's Visit28.02.2024, 18:03 94716Kazakhstan, Japan agree to resume direct flights29.02.2024, 13:01 90221Eight projects are planned to be launched in the manufacturing industry of the Kyzylorda region01.03.2024, 14:12 88006Kazakh diesel-electric locomotives began to be supplied to Mongolia04.03.2024, 14:47 87226President Tokayev participates in affirmation ceremony of AIFC Court Chief Justice