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Kazakh Aktobe plant to supply Azerbaijan with rail products

22 October 2015 11:50 (UTC+04:00)
Kazakh Aktobe plant to supply Azerbaijan with rail products

By Vusala Abbasova

In a time of development of Euro-Asian transport links, the equipment needed in the implementation of railway projects play a significant role for regional countries.

Kazakhstan plans to supply finished rail products to Azerbaijan in accordance with a signed memorandum of cooperation with the railway administrations of Azerbaijan.

Kazakh Aktobe rail and structural steel plant will begin supplying rail products after the Azerbaijan Railways fixes the time and necessary volume, said Kairat Aubekerov, the chief specialist-analyst of the marketing department of the plant at the Azerbaijani-Kazakh business forum in Baku, according to Trend.

The Aktobe rail and structural steel plant is ready to supply raw materials needed in Azerbaijan over the next four years.

Aubekerov also announced the company’s intention to fully use its own billet and cease from purchasing it abroad during the business forum.

“This will be possible due to commissioning of a steel melting workshop in 2018,” Aubekerov said, adding that construction has already begun.

He also added that the Aktobe rail and structural steel pant presently buys billet for its output in Russia. "Using its own billet will reduce the price of output," Aubekerov said.

At the same time, the mill can fully compete in price with big manufacturers, Aubekerov said.

Aktobe Rail and Section Works LLP is a unique enterprise with domestic production, which is included in the list enterprises that produce high quality differentially strengthened rails and the sole producer of medium sections in Kazakhstan.

Being an innovative enterprise, the company was founded by National Company Kazakhstan Temir Zholy JSC within the State Program of Accelerated Industrial and Innovative Development of the Republic of Kazakhstan for 2010-2014 in accordance with the order of Kazakhstan’s president, which has no analogues in the CIS.

The design capacity of Aktobe rail and structural steel plant is 430,000 tons of metal products per year.

Currently, the company collects orders from large industrial and metallurgical enterprises of Kazakhstan and near-abroad countries to generate a package of orders proceeding from the preferences of potential partners.

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