Kazakhstan’s Kostanay region will see the establishment of new auto component plants aimed at reducing imports and strengthening the local engineering sector. This includes forming an Auto Components Localization Center and producing key automotive parts such as gearboxes, fostering job creation and attracting new investments in the automotive industry.
On February 18, the Central Communication Service of Kazakhstan announced the establishment of new auto component manufacturing plants in the Kostanay region. The initiative aims to launch an Auto Components Localization Center, which will reduce dependence on imports while enhancing the engineering sector within the region. This move includes the construction of a facility dedicated to the production of key components such as gearboxes.
Additionally, this announcement highlights Kazakhstan’s strategic efforts to facilitate automotive production and localization initiatives. The government is actively engaging with both domestic and international companies to bolster the automotive supply chain. Notable developments include discussions with Kia about a new production plant and localization measures to strengthen local manufacturing.
The new plants are expected to foster job creation and technological advancements within the region while promoting collaboration with global automotive firms. Future participants in the industry can anticipate increased support and resources as the government works to enhance local production capabilities and attract investment.
Furthermore, the establishment of these plants aligns with Kazakhstan’s broader strategic goals of diversifying its economy and reducing reliance on foreign manufactured automotive components. This localization effort will serve to bolster the overall competitiveness of the national automotive sector, ensuring its growth and sustainability in the global market.
In summary, the announcement by Kazakhstan’s Central Communication Service marks a significant step in the establishment of auto component manufacturing plants in the Kostanay region. This initiative aims at lessening import reliance, enhancing local engineering capabilities, and promoting international collaborations. As new opportunities arise for local production, the automotive sector in Kazakhstan is poised for substantial growth and development.
Original Source: www.marklines.com
