Henkel, a leading German chemical and consumer goods company, is to transfer its Central Asian and Caucasus office to Kazakhstan alongside further investment in expanding its construction mix production in the country.
The announcement was made at a meeting between Azamat Panbaev, Chairman of Kazakhstan’s Ministry of Industry and Construction, and Mikhail Yershov, CEO of Henkel for the Central Asian and Caucasus regions on 12 April.
The company has enjoyed a long allegiance with Kazakhstan, dating back to 2006, and in addition, has operations in Uzbekistan, Tajikistan, Kyrgyzstan, Turkmenistan, Mongolia, Azerbaijan, and Armenia, as well as factories in Kunayev (formerly Kapshagai) in Kazakhstan and Tbilisi in Georgia.
The move, spurred by the complexity of logistical chains, aims to optimize Henkel’s production in Eurasia and localize production to be closer to the consumer.
