OCTAVIA NASR, CNN ANCHOR: A private company from the Central Asian nation of Kazakhstan recently acquired Romania's largest steel manufacturer. The deal is being welcomed by Rumanians who see it as an opportunity to turn around the plant and provide a better life for more than a million people. Rumanian TV tells us why people are placing so much confidence in the new steel plant owner from Kazakhstan.</s>UNIDENTIFIED MALE: Since the LNM (ph) Group acquired the government of Kazakhstan's steel manufacturing facilities in the Karaganda region at the end of 1995,</s>NARENDA CHAUDHARU, STEEL SUPPLIER: The Rumanian situation is definitely not as bad, but we have -- we can apply the experience of this place in Romania a great deal.</s>UNIDENTIFIED MALE: The takeover of this impressive unit by a private foreign investor brought back to life the whole town of Temiratau, initially a small village of Ukrainian and German immigrants who arrived here at the turn of the 20th century. Its history is counted in decades, dominated by happy-go-lucky communist tycoons. The new investor involved itself in the social protection of its employees and of the local community from the very beginning. It brought new life in the traditional preservation center, in student's summer camps and in local orphanages.</s>SERIK AHMETOV, MAYOR OF TEMIRATAU (through translator): The living of our town's inhabitants is closely connected to the survival of the steel plant. For me as a mayor, a constructive, two-way relationship with the company's management is extremely important.
Private Kazakhstani Company Acquires Steel Plant in Romania