“The Georgian company Metal Construction Georgia has built a ferroalloy plant in Kazakhstan,’’ - the financial report published by the company says. According to the document, this company earned GEL 180 million in 2021.
Reportedly, the company made a net profit of GEL 67.2 million in 2021. According to the documents, the company is owned by a South African citizen.
"As of December 31, 2021-January 1, 2021, the company is wholly-owned by Zeus Property Holdings Ltd - a company based in the Republic of Seychelles. Zeus Property Holdings Ltd was ultimately controlled by a South African national, Monica Pamela Van Zyl, until February 1, 2021. As of February 1, 2021, the company will be ultimately controlled by Charlotte Dorothy Van Heerden, a South African citizen," - the company's financial report said.
However, according to the same report, the company is related to the Chiaturmanganum group owned by businessman Shmagi Kemertelidze; this is also evidenced by the loans received by the company. In addition, it is known that the mentioned group is involved in the construction process of the new ferroalloys plant, Qaz Carbon, in Kazakhstan.
As for the financial indicators of Chiaturmanganum, in 2021 the company received a GEL 189 million income and a GEL 74 million net profit.
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