Plywood for 2 billion: what are Turks doing in North Kazakhstan region?

In North Kazakhstan region, a new plywood mill for the production of film faced plywood was launched with the participation of the akim of North Kazakhstan region Kumar Aksakalov.

With the support of the state, a promising production with the participation of foreign capital appeared. Turkish investors have invested more than 2 billion tenge in the project. Installed modern equipment from Germany and Turkey. 150 permanent jobs will be created.

The plywood mill will produce 18 thousand cubic meters of finished products per year. At full capacity — up to 27 thousand cubic meters. Some of the products will be exported to Europe, Turkey and other countries.

“The new production facility will reduce the import of plywood from abroad. Now 90 thousand cubic meters are imported to Kazakhstan annually. The Northern Combine will be able to cover the country’s demand for plywood by 30%,” — the head of the region noted.

A favorable climate has been created in the region by investors, including foreign ones. For 11 months of 2020, the volume of external investments increased by 36%.

Also, with the support of the Embassy of Kazakhstan in Turkey during the pandemic, the issues of the timely delivery of equipment for the plywood mill and the involvement of specialists for installation were resolved. The national company KAZAKH INVEST helped the investor conclude an investment contract and get exemption from customs duties on the import of expensive equipment.