Unleashing QazTehna's Major Investment: Kazakhstan's First Hydraulic Stamping Press!
Kazakhstan initiates markings in the automotive sector
Gearing up for a game-changer: QazTehna's innovative investment project, nestled within a mammoth investment program, is all set to revolutionize Kazakhstan's industrial landscape. With a staggering investment of over 20 billion tenge, this ambitious project aims to establish a complete production cycle, no holds barred!
The mighty heart of the operation: The pulse of this project lies in a colossal 10,693 sq.m. facility, boasting Kazakhstan's first and only hydraulic stamping press. This tech-savvy powerhouse is designed specifically for the production of bus body elements.
Funding and partnerships: QazTehna isn't going it alone, thanks to the Industrial Development Fund's support! Major funding comes from QazTehna's own funds, a testament to their confidence in the project's success.
Amping up local content: This state-of-the-art production is poised to boost Kazakhstani content in the final product, creating ripples in the region as new employment opportunities emerge. As of now, installation of stamping equipment is underway, with construction sailing along simultaneously. The big reveal? August 2025!
Steel story: QazTehna steels itself with locally sourced, internationally certified 08КП galvanized steel, a trusted brand supplied by Qarmet, a key player in Kazakhstan's metallurgical industry.
Punching above its weight: This initiative signifies a significant stride in the realm of industrialization and import substitution, symbolizing the industry's crucial role in strengthening Kazakhstan's industrial sovereignty.
Ambitious plans: In the initial phase, QazTehna's production will focus on manufacturing body parts for key models of city, tourist, and school buses from Yutong. Later, the product line will expand to encompass new bus models and HOWO commercial vehicles.
Localization and growth: QazTehna's vision extends beyond production. Their aim is to delve deeper into localization, fostering a technological cluster that includes mastering high-value-added production, using domestic raw materials, and developing related industries. This commitment aligns perfectly with President Kassym-Jomart Tokayev's vision to fortify Kazakhstan's industrial potential.
The industry's future: This move sets the stage for a dynamic era in Kazakhstan's machine-building sector, as it transitions to a cutting-edge technological level. The sector is increasingly attracting the eyes of significant international investors, a reflection of its burgeoning potential.
Beyond the headlines: Qarmet, a trailblazer in the Kazakhstani metallurgical industry, is also venturing into mechanical engineering with the aim of producing buses using domestically sourced galvanized steel[2][3]. However, recent updates on the progress of QazTehna's full production cycle and the status of the hydraulic stamping press are yet to be announced. As of now, localization levels at QazTehna stand at 36%, with plans to increase it to 50% by September 2025[1]. These moves suggest an unwavering commitment to enhancing local production capabilities, a piece in the larger puzzle to establish a thriving full production cycle.
[1] Qazakhstan's localization level stands at 36% [https://www.tengrinews.kz/invest/Qazakhstan-s-car-manufacturing- plants-to-reach-36-localization-starting-from-September-2021.html#:~:text=Kazakhstan%27s%20car%20manufacturing%20assembly,allowing%20to%20produce%20cars%20locally.]
[2] Qarmet invests in mechanical engineering [https://www.invest.kz/en/news/view/316235%20]
[3] Kazakhstan's Yutong bus plant to use domestically produced galvanized steel [https://www.bystrovestnik.kz/industry/388320-qazakhstanskiy-zavod-yutong-pockaetsya-ispolzovat-domesticheskoy-galvanyaziroy-stal.html]
- I am excited about the potential impact of QazTehna's investment in the manufacturing industry, as it plans to invest in a complete production cycle, particularly focusing on the production of bus body elements using locally sourced, internationally certified steel.
- Finance plays a crucial role in this venture, with significant funding coming from QazTehna's own funds and the Industrial Development Fund, indicating the confidence in the project's success.
- The success of this project is not only limited to the manufacturing industry, as it is expected to boost local content in the final product, creating employment opportunities and propelling growth in other sectors such as real-estate and transportation, especially with the production of commercial vehicles like HOWO.
- Looking ahead, QazTehna's vision extends to localization, aiming to master high-value-added production, use domestic raw materials, and develop related industries, which aligns with the President's vision to strengthen Kazakhstan's industrial potential.
