PM Bektenov inspects Kia plant construction works in Kostanay

Prime Minister Olzhas Bektenov, who is on a working trip to Kostanay region, has visited local industrial companies, Kazinform News Agency reports citing the government's press service.

The region’s industrial output in 11 months of 2024 is estimated at 2.5 trillion tenge, with the share of processing industry reaching 72%.

The region has implemented six major industrial projects worth 124.7 billion tenge, creating 1,301 jobs.

Caspian Steel QZ specializes in production of bar stocks. The capacity of the enterprise is 450,000 thousand tons per year. In 2024, the company produced 311,400 tons of rolled stock and exported 112,600 tons of products to the amount of 32 billion tenge.

A new plant with a capacity of 1 million tons of steel feed is planned to be built too. $650 million is set to be invested in the plant and 600 new jobs are to be created. Due to this, the share of processing industry in the region may increase to 12.3%.

Olzhas Bektenov highlighted the importance of developing small and medium businesses around major productions and noted that economic growth is achieved through the localization and new plants which will help improve the country’s wellbeing.

The Prime Minister also visited KamLitKz plant which manufactures cast iron for freight vehicles. The second plant is set to be launched in 2025.

The Kia car assembly plant worth $200 million will start operating in 2025 creating 1,500 jobs. SaryarkaAvtoProm plans to release 90,000 cars in 2024 including JAC, Kia and Chevrolet. The plant is expanding its localization and is building a personnel training center.

In April 2024, President Kasym-Jomart Tokayev had a meeting with Kia Corporation President Ho Sung Song for discussing the course of construction of a full-cycle car assembly plant in Kostanay region.

In September 2024, Kassym-Jomart Tokayev visited the KIA construction site in Kostanay region.