OREANDA-NEWS. On January 30, 2009 Karaganda Asbestos and Cement Production Plant (Karaganda oblast, Aktau settlement, KZACI JSC), bonds of which are listed on Kazakhstan Stock Exchange (KASE), notified KASE in a letter of the following, reported the press-centre of KASE:

Herewith we inform that on January 19, 2009 KZACI acquired 93,002 common shares of Kurmentycement, which equals to 83.17 % of the total of outstanding shares.

Kurmentinskiy cement plant (Kyrgyz Republic, Ak-Bulak settlement, Tyupinskiy region, Issyk-kulskaya oblast) was launched in 1956. Main activities of the plant are cement and lime production. At the time being production capacity of Kurmentycement OAO allow for producing up to 180 th. tones of М-400 cement.

KZACI JSC in a short term is planning to modernize the plant and increase production capacity of the plant up to 360 th. tones.