30/03 09:51

Construction of a plant producing explosives started in Chui oblast

Bishkek, March 30 / Kabar /. On March 28 First Vice Prime Minister Tairbek Sarpashev took part in ceremony of laying a capsule in the foundation of a new plant for the production of explosives in Kemin region of Chui oblast.

The plant will be built by Salute Company LLC at the expense of Chinese investment. The capacity of the plant is 12 thousand tons of ammonite per year, which is used in the mining industry, the Government’s information policy department reports.

First Vice Prime Minister noted the uniqueness of the plant, said that the production of ammonite will positively impact on the export potential of the country as a whole and the trade balance of the country. 

According to the business plan, the investment will amount to more than $ 5 million. Manufacture of explosives will reduce the cost and create 60 jobs, to deduct taxes and payments to the Social Fund. Local budget will receive from the construction of the plant 150 million soms of taxes.

The construction of the plant is expected to be completed later this year and early in 2016 to start production.


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