Spanish Roca Group to build €70 million bathroom fixtures plant in KazakhstanSpain’s Roca Group will invest €70 million to construct a bathroom fixtures factory in Kazakhstan’s Kyzylorda region, with an annual production capacity of 500,000 units, the government announced Wednesday.Prime Minister Olzhas Bektenov and Roca Group Chairman Santiago de Gomar Roca finalized the details during a meeting, signing a framework agreement with the Industry Ministry and Kyzylorda regional officials.The new facility, to be built in the Ondiris industrial zone, will supply both domestic and Central Asian markets."Kazakhstan serves as a strategic gateway for regional expansion," said de Gomar Roca. "We view the country as an industrial and logistics hub for Central Asia."Bektenov assured the government would provide full support for the project’s implementation.The Barcelona-based company, which operates over 70 factories globally, is a market leader in sanitary ceramics and bathroom furnishings.Wednesday’s official exchange rate was 507.80 tenge per US dollar.Headquartered in Barcelona, Roca Group operates over 70 factories worldwide as a global leader in sanitary ceramics and bathroom furnishings.The official exchange rate stood at 507.80 tenge per $1 on Wednesday. (ICE ALMATY)

Fonte notizia: INTERFAX