Deputy Prime Minister of Kazakhstan Roman Sklyar and director general of Tatneft PJSC Nail Maganov have signed an agreement on participation in machine building development.
The document provides for opening a high-tech manufacturing of automobile tyres in Kazakhstan, creating new jobs, meeting demands of the domestic market and boosting export potential.
During the meeting the parties noted positive machine industry trends in Kazakhstan, thereat, building of the new joint venture would help in the future foster trade and economic and investment partnership between the two states. It will be built in Saran, Karaganda region. The primary batch of tyres according to the project will be manufactured in 2022. The production capacity of the factory is to hit 3 million tyres for cars and 500,000 tyres for commercial vehicles and buses. (Kazinform/Business World Magazine)