Kazakhstan, Russia launch 3 joint auto industry projects

NUR-SULTAN, Kazakhstan – Kazakhstan’s Prime Minister Askar Mamin and Tatarstan President Rustam Minnikhanov held negotiations and launched the implementation in Kazakhstan of three joint projects in the automotive industry for 261 billion tenge ($1- 426,3 tenge) of investments on September 27, Kazakhstan’s government said.

“This is the construction of factories for the production of cast iron and components for bridges of KAMAZ trucks in the Industrial Zone of Kostanay, as well as the opening of a production of automobile tires in the city of Saran, Karaganda region,” the Kazakh government said.

The design capacity of the joint ventures will amount to 40,000 units of cast components (cylinder blocks, cylinder heads and one-piece girder of the axle housing for trucks) and 86,000 gearboxes for the main gears of the driving axles of trucks per year. The total investment is 150.7 billion tenge ($1- 426,3 tenge).

The construction of the plants is scheduled for completion in 2023. The implementation of the projects will introduce Kazakhstan into the global technological chain of suppliers of the largest manufacturer of trucks in the Commonwealth of Independent States (CIS) market – KAMAZ – 95% of products will be exported.

As for the car tire plant, its production capacity will be 3 million tires for passenger vehicles and 500,000 tires for commercial vehicles and buses. Over 1 thousand new jobs will be created. The total investment will be about 111 billion tenge. The project is scheduled for implementation in 2022.

Mamin noted that the new projects in the automotive industry testify to the concrete practical expansion of industrial cooperation between Kazakhstan and Russia.

During the working trip, the Kazakh premier discussed the prospects for further development of cooperation in the automotive industry with the leadership of the Russian companies KAMAZ and Tatneft, the Uzbek company – Uzbek UzAuto.

News by NewEurope

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