Plant for Deep Processing of Grain in Kostanay
A meeting of the Kazakh-Chinese Business Council was held in Astana, timed to coincide with the state visit of Chinese President Xi Jinping to Kazakhstan within the framework of the Shanghai Cooperation Organization. During the meeting, with the support of JSC NC KAZAKH INVEST, several bilateral documents were signed, including a Memorandum of cooperation between the Akimat of Kostanay, Baiterek Venture Fund, KazFoodProducts, and the Chinese company Myande Group, concluded with the support of JSC "NC "KAZAKH INVEST."
Thus, the memorandum provides for the construction of the Qostanay Grain Industry plant in Kostanay for the deep processing of wheat into amino acids, bioethanol, gluten, animal feed, and wheat bran. The plant, which will be launched in 2027, is planned to have a capacity of 430 thousand tons per year and create about 600 jobs.
"The signing of this agreement marks an important step in strengthening bilateral relations. We see huge potential in the agro-industrial sector of Kazakhstan, and this cooperation will increase its efficiency and manufacturability and open up new opportunities for Kazakh products to enter the Chinese market," said Rong Zhen, CEO of Myande Group.
"Based on the quadripartite agreement, it is planned to increase the production of starch molasses to 33 thousand tons per year for further use by domestic confectionery companies. New jobs will be created. Together with the Akimat of Kostanay region and Baiterek Venture Fund, we are launching large–scale projects in the field of agriculture and are very pleased to have a strategic partnership with Myande Group," said Alikhan Kairatbek, CEO of KazFoodProducts.
In addition, Myande Group is upgrading the AsiaGrowFood plant for deep processing of corn in the Almaty region to increase production capacity from 200 to 300 tons per day.
Deep processing of grain is one of the promising areas in the manufacturing industry with the creation of products with high added value. Kazakhstan annually harvests 16-17 million tons of grain, of which a third is exported. More than 260 different types of products can be produced from grain.
Myande Group is a leading global manufacturer and supplier of turnkey solutions for industrial complexes, high-tech equipment, and intelligent services in the areas of "Oils and Fats," "Starch and Derivatives," "Fermentation," "Evaporation and Crystallization," and "Storage and transportation systems of materials and raw materials."
