Kazakhstan, Russia launch three joint auto business initiatives

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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 initiatives within the automotive business for 261 billion tenge ($1- 426,three tenge) of investments on September 27, Kazakhstan’s authorities stated.
“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 authorities stated.
The design capability of the joint ventures will quantity to 40,000 items of forged parts (cylinder blocks, cylinder heads and one-piece girder of the axle housing for vehicles) and 86,000 gearboxes for the primary gears of the driving axles of vehicles per 12 months. The whole funding is 150.7 billion tenge ($1- 426,three tenge).
The development of the vegetation is scheduled for completion in 2023. The implementation of the initiatives will introduce Kazakhstan into the worldwide technological chain of suppliers of the most important producer of vehicles within the Commonwealth of Independent States (CIS) market – KAMAZ – 95% of merchandise will likely be exported.
As for the automotive tire plant, its manufacturing capability will likely be three million tires for passenger automobiles and 500,000 tires for industrial automobiles and buses. Over 1 thousand new jobs will likely be created. The whole funding will likely be about 111 billion tenge. The mission is scheduled for implementation in 2022.
Mamin famous that the brand new initiatives within the automotive business testify to the concrete sensible growth of commercial cooperation between Kazakhstan and Russia.
During the working journey, the Kazakh premier mentioned the prospects for additional growth of cooperation within the automotive business with the management of the Russian corporations KAMAZ and Tatneft, the Uzbek firm – Uzbek UzAuto.