Ust-Kamenogorsk Titanium Plant to Launch 25 Investment Projects
The Ust-Kamenogorsk Titanium-Magnesium Combine is poised for significant expansion with 25 investment projects worth 207 billion tenge (approximately $455.4 million USD) in the pipeline. Announced during President Kasym-Jomart Tokayev's visit, this move solidifies Kazakhstan's strong foothold in the global titanium market, boasting an 11% worldwide share and over 20% in the aerospace sector.
Certified by industry heavyweights such as Airbus and Boeing, Kazakhstan's titanium is pivotal in various sectors, including aerospace and medicine, with all production exported to countries like the USA and China. President Tokayev commended the facility for its modern operations and vital contribution to the national economy, encouraging continued excellence.