On October 24, the territory of the Special Economic Zone “Pavlodar” was visited by representatives of Chinese company Kingboard Chemical.
The main purpose of the visit by guests from the Far East was a general assessment of the investment opportunities of Pavlodar region, acquaintance with functioning enterprises, as well as with the conditions for conducting production business in the territory of SEZ “Pavlodar”.
During the presentation of operating enterprises on the territory of SEZ, it was demonstrated technological chains of production of caustic soda and calcined petroleum coke of the companies Kaustik JSC and UPNK-PV LLP.
The Chinese delegates showed high interest in the activity of SEZ “Pavlodar”, noting the favorable economic conditions, reasonable prices for infrastructure services and the abundance of the region with mineral raw materials. In addition, it was discussed the topics of potential investment in the territory of SEZ and the possibilities of bilateral cooperation.
Kingboard Chemical is a Chinese company founded in 1988 in Hong Kong. The name of this corporation in Russian can be interpreted and translated as “Royal Board of Chemicals”. It is a private commercial organization: it carries out international activities in the chemical industry, being present in the territory of different states.
Kingboard Chemical specializes in production of materials and substances used in agricultural sector, construction, instrument making, automotive, food and textile industries, has a huge share of business in the manufacture of various polymers and laminates.
Currently, the corporation employs about 45 thousand people. The approximate cash equivalent of a company’s assets is $ 10 billion, and its annual profit is approximately $ 250 million.