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Location:
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Kostanay
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Sector:
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Industrial
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Total cost:
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$ 1.1 bln
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Chinese partner:
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China National Machinery Import and Export
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Kazakhstani partner:
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Allur Group of Companies JSC Baiterek
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Construction start:
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2018
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Putting into commission:
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TBD
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China National Machinery Import and Export, founded in 1950, is an international engineering contractor, project manager, and automotive supply chain service provider in China. Its main business covers international project contracting and large complete equipment exports, domestic trade and engineering, automotive marketing, and other sectors. With a strong business foundation, complete qualification and reputable brand, it enjoys extensive reputation both at home and abroad.
Allur Group of Companies JSC is a shareholder of SaryarkaAvtoProm LLP (Kazakhstan largest auto manufacturer) as well as an official distributor, manufacturer and official dealer of Peugeot, Iveco, JAC, Ankai, HOWO, manufacturer of Hyundai, Ravon, Niva Chevrolet and official dealer of Suzuki, Mitsubishi, Ravon and Ford in Kazakhstan. Allur Group is the number one national manufacturer of motor vehicles, striving to develop the car industry in Kazakhstan by the introduction of new technologies, the attraction of new brands and compliance with a high level of service standards.
Baiterek Holding is the key institution of the Government of the Republic of Kazakhstan that ensures the implementation of objectives for the sustainable development of the economy of Kazakhstan through its diversification, support for innovations, exports development, increase in labor productivity. Baiterek simplifies investor-Government relations using efficiently established coaction.
In June of 2018, the Allur Group company, China National Machinery Import and Export, and Baiterek Holding met and concluded an agreement to produce buses, large road vehicles, and electric vehicles through a total investment of about $1.1 billion. By the end of 2018, Kostanay’s automotive plant began to manufacture its first electric cars of the latest generation. This joint Kazakh-Chinese project is considered a breakthrough and will make domestically manufactured cars more competitive and export-oriented. The agreement made was one of the TOP-50 strategic priority agreements between Kazakhstan and China.
https://www.allurgroup.kz/en/news/kostanay-plant-started-ckd-production-of-chinese-crossover
https://kazakh-tv.kz/en/view/business/page_192292_kazakhstan%E2%80%99s-automotive-industry-grows