1Thirty Holding Announces $50 Million Investment in the U.S.
1Thirty Holding said it met with senior U.S. Chamber of Commerce leadership in Astana to discuss a new U.S. industrial project that includes a powder coatings production facility and an R&D center focused on advanced materials and technologies. The international group operates AsiaColor, Kazakhstan’s first full-cycle powder coatings plant, and Qemtex, an industrial manufacturing project in the United Arab Emirates.
The discussions centered on establishing a U.S. powder coatings facility, creating an innovation center for next-generation materials, and advancing cross-border collaboration in chemical manufacturing, sustainability technologies and supply chains.
“We see the United States as a key market for advancing next-generation chemical manufacturing,” said Alexander Glukhov, chairman of the board of directors at 1Thirty Holding. “The dialogue with the U.S. Chamber of Commerce leadership marks an important step forward in creating opportunities for international collaboration.”
President Zhandos Temirgali said the company is ready to invest more than $50 million in a new project that would create a high-tech industrial cluster in the United States, expand Kazakhstan’s footprint in the global market and create jobs.
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