Alatau Invest Capital, owned by Kairat Satybaldyuly, and AllurGroup that includes two vehicle production sites in Kostanay - SaryarkaAvtoProm and AgromashHolding, signed a memorandum on attraction of investments and strategic partnership as part of the National Kazakhstani Automobile Cluster development.
The memorandum provides for investing in several spheres:
Within the cooperation between the two companies there is also automotive production staff training and qualification improvement, transfer of new advanced technologies in automobile industry.
Two large projects shall be implemented at the first stage of cooperation:
The project is expected to provide prospects in automotive cluster development, as well as other high-priority sectors of Kazakhstani economy, increasing of Gross Regional Product, attraction of additional foreign investments, creating new jobs and facilitating industry development in the region.
«The management of our fund has thoroughly analyzed the sectors to invest into, and automotive industry was selected. This is the sphere of truly new technologies, out of the three production licenses that were issued in Kazakhstan. AllurGroup is indeed a locomotive of automotive industry.
Of course, there are over 30 issued licenses in Russia, which means a lot of competition for us. Therefore, we will hope for support from both state authorities and private entities. It is not long before the time, when all citizens of Kazakhstan will have cars produced by AllurGroup. Today the local content rate in cars reaches 40%, and in commercial vehicles it makes 50%. We intend to increase the amount of spare parts manufactured in Kazakhstan, which means increasing local content level of domestically produced vehicles.», - said Kairat Satybaldyuly, managing partner of Alatau Invest Capital.
According to Andrey Lavrentyev, Chairman of the Director Board in AllurGroup:
«Since 2018 we are planning to produce 40 thousand vehicles annually in the Kostanay industrial zone, including those for export. We assumed that the consolidated production volume will make over 700 billion KZT until 2022, out of which 418 billion KZT will be accounted for export in 7 years. In order to implement the plans, we will need 500 new qualified jobs, and the local content rate will reach 50%.».
Apart from the signing parties at the meeting, there was also the Akim of Kostanay region Arkhimed Mukhambetov. «One of the most rapidly developing sectors in our region is automotive industry. Throughout the execution of Industrialization program, 81 investment projects were implemented, including 4 projects in automotive industry. The plants of AllurGroup expressly demonstrate the stable way of development, production is being arranged well, investments are being attracted not only for automotive industry development, but for the entire region as well»,- said the Akim.
Implemention of all the above-mentioned projects is aimed at increasing competitiveness of Kazakhstani automotive industry not only within the Customs Union, but internationally too.
* CKD is a hi-tech assembly method - complete knock-down
** By the exchange rate of 341,51 KZT per 1 USD as of 30.03.2016.
*** China National Machinery IMP.&EXP is a Chinese investment company that signed an agreement (February 2016) with AllurGroup and the Akimat of Kostanay region on development of an Industrial zone in Kostanay region.