ArcelorMittal to invest $1bn in Kazakh economy

Kassym-Jomart Tokayev held meeting with the head of ArcelorMittal Temirtau in Kazakhstan Lakshmi Mittal, El.kz reports with reference to Akorda.   

The meeting focused on the issues related to ensuring safety conditions at plants, fair wages for local citizens, the fulfillment of social obligations and the modernization of the material and technical base. 

The Head of State pointed to the exceptional importance of the company's compliance with these requirements and obligations. 

Besidaes the President drew attention to the issue of meeting the demands of the domestic market through the supply of ArcelorMittal’s products.

In addition, special attention was placed to the measures the company takes to reduce greenhouse gasses.

Lakshmi Mittal assured the Kazakh President that ArcelorMittal will invest $1bn in the Kazakh economy, much of which will be spent to modernize the plants, in the near future.