Economics

Kazakh and Uzbek PMs launched new auto JV in Kostanay

Photo: primeminister.kz
March 28 in Kostanay, Prime Minister Askar Mamin attended the opening ceremony of Kazakhstan-Uzbekistan joint auto assembly line of new Chevrolet models at the Kostanay automobile Plant, Kazpravda.kz cites Kazakhstan Prime Minister’s press office reporting.

Within the framework of the teleconference, the prime ministers of Kazakhstan and Uzbekistan A. Mamin and A. Aripov gave an official start to the joint project of SaryarkaAvtoProm LLP and UzAuto Motors JSC. On the new production line more than 1 thousand highly productive jobs will be created by the end of this year, which is of particular importance in the context of increasing labor flows between the services and production sectors. Currently, the plant operates in three shifts at a full load.

The Prime Minister of Kazakhstan noted the growing relevance of the integration of production processes in Kazakhstan and Uzbekistan in order to reduce import dependence on goods and services from third countries.



Several new Chevrolet car models will be assembled at the new production line - Damas, Labo, Trailblazer, Malibu, Spark and others. The affordable final cost of the Chevrolet Damas bus and Chevrolet Labo truck will be about 3 million tenge, which increases their attractiveness for small and medium-sized businesses in trade, logistics, agricultural and other fields.

Automotive industry is one of the fastest growing sectors of Kazakhstan economy. This year, the total volume of the automotive industry is planned to be enhanced to 100 thousand cars per year, the average level of localization of the industry - up to 50%, and on commercial vehicles and buses - up to 60-65%.



08:29, 30 March 2020
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