Kazakhstan’s manufacturing industry sees growth in 2017, plans new projects

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ASTANA (TCA) — In 2017, production of Kazakhstan’s manufacturing industry increased by 5.1 percent compared to 2016, as a result of the implementation of the State Program of Industrial and Innovative Development (SPIID) of Kazakhstan for 2015-2019, the official website of the Prime Minister of Kazakhstan reported.

The Program aims to develop manufacturing industries and increase the export of processed goods. The Program is to achieve a 19% growth of exports of manufactured products by 2019 compared to the level of 2015.

In the 11 months of 2017, exports of manufacturing industry products increased by 22.1% compared to the same period in 2016 and amounted to $14 billion.

Investments in manufacturing in 2017 increased by 4.7% compared to 2016 and amounted to 981.6 billion tenge.

In 2017, 120 projects were put into operation for a total amount of about 1.5 trillion tenge with the creation of about 10 thousand permanent jobs.

One of the largest projects was the organization of Giessenhaus LLP alloyed aluminum plant in Pavlodar region (with Germany, 4.6 billion tenge) in the territory of Pavlodar SEZ.

Another successful project is the Tau Ken Altyn gold refinery. The maintenance of annual output of at least 10 tons for three years, in accordance with the requirements of the London Metal Exchange, allows Tau-Ken Altyn LLP to receive the London Good Delivery certificate, which will result in international recognition as a refinery.

At the end of 2017, the application of Tau-Ken Altyn for including the plant in the list of suppliers accredited at the London Bullion Market Association (LBMA) and entitled to produce ingots according to the Good Delivery standard was supported by LBMA management.

In 2018, the State Program of Industrial and Innovative Development plans to introduce almost 150 Industrialization Map projects worth about 1 trillion tenge with the creation of 15 thousand permanent jobs.

Sergey Kwan

TCA