During the visit, the founder of Astana Group Nurlan Smagulov presented to the Akim the project of future plant for production of car components.

«The new plant for production of car components will be located next to the Hyundai Trans Kazakhstan plant, a 13.5 hectares plot has been allocated for it. It is planned to produce seats, plastic parts and accessories for cars, as well as multimedia systems. The start of the plant construction is scheduled for this autumn”, Smagulov said.

Beyond that, negotiations are underway with international partners regarding the possibility of building another car plant, as well as the creation of stamping production of body parts. The plant intends to increase the production localization.

Nurlan Smagulov stressed that the production expansion not only contributes to the industry development, but also creates new jobs and supports the young technical specialists. The plant employees are provided with full social package. And in the fall of this year, construction of a comfortable small-family dormitory for Hyundai Trans Kazakhstan personnel will begin in the Alatau district.

Let us remind that the Hyundai Trans Kazakhstan project has been implemented with support from the Ministry of Industry and Infrastructure Development of Kazakhstan, the Investment Committee of the Ministry of Foreign Affairs and the Almaty Akimat.

The total scope of investment into the project exceeds 30 bln tenge. Thirty-four percent of the investment (more than 10 bln tenge) are own funds of Astana Motors, and 66% (20 bln tenge) are loans raised from Development Bank of Kazakhstan JSC and Industrial Development Fund JSC.