Hyundai car factory will be built in Almaty

In his welcoming speech, the governor of the city, Bauyrzhan Baybek, noted that today Almaty has emerged as a city of high investment attractiveness. In just three months, foreign investment increased by 21.4%, reaching 111.1 billions tenge.

“The plant will provide permanent work to more than 700 Almaty residents, and this is one of our main priorities for us. From the city side, 25 hectares of land were allocated, with the infrastructure already prepared. Today, 39 projects worth 144 billions tenge are being realized in the Industrial Zone of the Alatau District. 5 factories with participation of Japanese, German, Chinese and Russian capital were opened. 800 highly skilled jobs were created. This year we plan to launch 4 more enterprises with an investment volume of about 367 billions tenge, including the large Kazakhstan-Chinese steel pipe factory Asia Steel Pipe, ”said Bauyrzhan Baybek.

In turn, the Minister of Industry and Infrastructure Development of Kazakhstan, Roman Sklyar, noted that this is a strategically important step in the development of the country's machine-building industry.

“The products of this company will be directed both to the domestic market and to export to third countries,” said Roman Sklyar.

The capacity of the enterprise at the first stage will be 30 thousand cars, and at the second - will be increased to 45 thousand per year. This will saturate the Kazakhstan market with high-quality and affordable Hyundai cars, as well as export them to the CIS countries. The total investment in the project will be 25 billions tenge. In addition to own funds, commercial loans will also be raised.

The plant includes welding, painting, assembly, production of plastic panels and a quality control department. The company will be equipped with the latest technological equipment manufactured in South Korea and Japan. The entire Hyundai lineup will be assembled at the plant. At the first stage, the production of a full cycle of Accent models will be started, and later it is planned to launch a line for the production of Creta models.

Localization of the assembly will reach 50% thanks to cooperation and industrial cooperation with the countries of the EEU. In the future, the construction of a plant for the production of automotive components, which will increase the level of localization in Kazakhstan.

It is planned to build production workshops until the end of 2019, and in 2020 the first car will come off the assembly line of the plant.