In January-May, industrial production increased by 4.8% YoY, said Beibut Atamkulov, Minister of Industry and Infrastructure Development, during a Government meeting.
“Speaking about the mining sector, the production of non-ferrous ores has increased by 3.3% due to ore production increase at Kazakhmys Corporation LLP, Kazchrome TNC and Aluminum of Kazakhstan JSC. The increase in iron ore production amounted to 8.9% due to the reorientation of sales markets from traditional to the markets of China”, said the minister.
Moreover, coal products consumption growth caused the increase in coal production – 102.9%.
Volume index in manufacturing was 4.9%. The growth was provided by the following sectors: non-ferrous metallurgy, pharmaceuticals, light industry, mechanical engineering and others. Non-ferrous metallurgy production increased by 6.6% due to the growth in the production of refined copper by 17%, gold bullion – by 21%, silver in granules – by 23%, copper wire – by 7%, etc. Volume index in ferrous metallurgy amounted to 97.6%.
Chemical industry production has decreased by 2.2%. Thus, production volumes at Kazphosphate LLP were reduced due to maintenance shutdown of a furnace.
The engineering industry is showing good results. Over the 5 months of the current year the volume of production in the industry has increased by 18.5%. Pharmaceutical industry’s output grew by 21.2%. Light industry growth was 10.8%. (Kazinform/Business World Magazine)