OREANDA-NEWS. September 03, 2009. Ornek XXI (Almaty oblast), a company listed on Kazakhstan Stock Exchange (KASE), provided KASE with a press release, reported the press-centre of KASE:

The Ornek XXI Group informs on progress in project "Cement plant construction, 1 m ton annual capacity in Eastern Kazakhstan".

Customer - TOO Kazakhcement, Shar (subsidiary of Ornek ХХI, Almaty).

Responsible party - Development Bank of Kazakhstan, Astana

Site location - Eastern Kazakhstan, Zharminskiy region, near Shar

Production - Portland cement

Projected capacity - 1 m ton annually;

In value terms KZT15,000.00 m annually.

Construction period - since September 2006;

Construction is to end Q2 2010.

Project cost - USD130 m, including:

- Own funds - USD40 m;

- Loan funds - USD90 m.

The plant is to be commissioned Q2 2010.