ERG’s Kazchrome records historic ferroalloys production milestone

TNC Kazchrome JSC, the world’s largest high-carbon ferrochrome producer by chrome content and a subsidiary of Eurasian Resources Group (ERG), a leading diversified natural resources group headquartered in Luxembourg, has achieved a new production record. In 2020, its 25^th anniversary year, Kazchrome manufactured 1,84-million tonnes of ferroalloys, which is a 1,7% increase from the already high base of 2019.

Serik Shakhazhanov, chairman of the Management Board, Eurasian Group LLP, which manages ERG’s assets in Kazakhstan, notes: “We are proud to have achieved a recordbreaking ferroalloys output and have met our production targets, all against the backdrop of such a challenging year. Kazchrome has demonstrated steady output growth, stemming, above all, from its successful business plan implementation.”

Arman Esenzhulov, President of TNC Kazchrome JSC, says: “The company is working to implement several strategic initiatives aimed at boosting ferroalloys production. We are also taking steps to provide a steady and reliable supply of raw materials to our ferroalloy plants.

Donskoy GOK is implementing a strategic project to build the second phase of the 10^th Anniversary Mine. We seek to introduce the best innovative solutions and best practices and to generate our own ideas in order to make sure that our company remains agile and competitive.”

In 2020, Kazchrome had to use the funds intended initially for its 25^th anniversary celebrations to dedicate itself to the fight against COVID-19. Kazchrome invested in medical supplies for employees and their families and delivered essentials to medical centres. It is worth noting that, despite the challenges posed by COVID-19, Kazchrome fulfilled its production targets.”

Over the past quarter of a century, Kazchrome manufactured around 31,2-million tonnes of ferroalloys in total, having a strong and highly diversified customer base which included leading stainless steel producers in China, Japan, Southeast Asia, the USA, and the EU. In 2020 alone, more than 1,7-million tonnes of ferroalloys were exported.