Turkish Company to Build more than $200 Million Agricultural Deep Processing Plant
Acting Chairman of the Board of KAZAKH INVEST, Zhandos Temirgali, noted that Turkey is an important partner for Kazakhstan, having implemented over 65 projects worth $2.8 billion since gaining independence.
Meeting took place at the premises of JSC "NC "KAZAKH INVEST" between the Acting Chairman of the Board of the national company, Zhandos Temirgali, and the CEO of "Tiryaki Agro," Süleyman Tiryakioğlu. During the meeting, the parties discussed plans for the construction of wheat and pea processing plant.
"Tiryaki Agro" is a leading Turkish company with a more than $2.5 billion turnover, specializing starting from farming, processing and agricultural supply chain such as rice, pulses, grains, feed, nuts, oilseeds, as well as the production of organic products. The company operates in 4 continents and 11 countries. Moreover, Tiryaki Agro sourcing from more than 40 countries and sales to more than 50 countries worldwide.
Süleyman Tiryakioğlu noted that the company has already completed the pre-investment market analysis process and plans to invest more than $200 million in the design & construction of the plant as Phase I. According to him, the Phase I will consist of the production of vital wheat gluten, native and modified starch and furthermore glucose, animal feed from wheat, and pea protection, starch and fiber from pea. Phase II will be the production more downstream cereal sugars such as fructose. The Turkish businessman emphasized that considering Kazakhstan’s location, the company sees great potential to value adding processing the feedstock and exporting deep processed products.
Acting Chairman of the Board of KAZAKH INVEST, Zhandos Temirgali, noted that Turkey is an important partner for Kazakhstan, having implemented over 65 projects worth $2.8 billion since gaining independence. At present, given the presence of a large number of raw material productions, Kazakhstan is highly interested in projects with deep processing in the agro-industrial sector and they will provide full support for the project implementation.
