On September 27, in Kostanay, the Prime Minister of the Republic of Kazakhstan Askar Mamin, the President of the Republic of Tatarstan Rustam Minnikhanov, the Vice Minister of Industry and Trade of the Russian Federation Alexander Morozov and the General Director of KAMAZ PTC Sergey Kogogin took part in the ceremony of laying the stone for the construction of the plant for the production of cast iron.
The new KamLitKZ plant with an area of 28,000 square meters will join the ranks of enterprises of the industrial zone of Kostanay in the framework of joint projects with KAMAZ PTC. After reaching the design capacity, more than 40 thousand tons of cast iron per year will be produced here. Products include cylinder blocks, engine block heads and other components. The products will be supplied to KAMAZ. The amount of investment in the project is over $200 million.
“We pin great hopes on joint projects with Kazakhstan and transfer a number of responsible positions to the areas in Kostanay, on which the reliability, power and efficiency of KAMAZ equipment depends, and, ultimately, the success of our consumers’ business depends,” stressed the General Director of KAMAZ Sergey Kogogin.
The construction of the most modern plant of its kind is part of a large reengineering and development work of a new KAMAZ model range. This is another step in the course taken by the company to produce trucks of the K5 generation. The task assigned to the future Kostanay plant among other things is the production of a line of the latest Russian vehicles that will successfully compete and surpass flagship foreign trucks in consumer properties.
“Kazakhstan actively supports business that shares the country’s desire to work together, design and implement new horizons for integration with our strategic partners. It is gratifying that a production facility with the direct participation of such a strong figure of mechanical engineering as KAMAZ will appear in the country,” noted the Prime Minister of Kazakhstan Askar Mamin.
A number of agreements were signed during the meetings. KamLitKZ LLP signed an investment contract with the Ministry of Foreign Affairs of the Republic of Kazakhstan, an agreement on the industrial assembly of components for vehicles with the Ministry of Industry and Infrastructure Development of the Republic of Kazakhstan, a financial lease agreement with the Industrial Development Fund JSC. KAMAZ signed an agreement on the training of highly qualified personnel and cooperation in the field of research and development work with the Ministry of Education of the Republic of Kazakhstan, akimat of the Kostanay region, NJSC Kostanay Regional University named after A. Baitursynov.