ASTANA, Kazakhstan, December 19. The Kostanay region of Kazakhstan is rolling up its sleeves and hitting the ground running with a slew of promising industrial projects to boost its industrial potential, Trend reports.
During a working trip to the Kostanay region, Kazakhstan's Prime Minister Olzhas Bektenov familiarized himself with the industrial capabilities of the region. He checked the implementation of the President's instructions, outlined in the Address, regarding the development of high-end manufacturing and increasing the level of localization.
At the Caspian Steel QZ plant, which produces small-section rolled products, Olzhas Bektanov was briefed on the technological process and the company's plans for constructing a new plant aimed at producing steel billets. The current plant has an annual production capacity of 450,000 tons. Over the first 10 months of this year, it produced 311,400 tons of rolled steel and 10,900 tons of scrap metal.
The new steel billet production plant has a projected capacity of 1 million tons per year. Caspian Group's Director Alexander Kim mentioned that $650 million will be invested in the project. The plant will generate 600 jobs during its operation, while contractor organizations will create an additional 400 positions.
Olzhas Bektenov also reviewed the development of the ferrous metallurgy sector at the KamLitKZ plant, a key producer of cast iron components for heavy-duty vehicles, with a production capacity of 45,000 tons of castings annually. The launch of a second plant, which will have a capacity of up to 75,000 items per year and will utilize advanced precision stamping technologies, is scheduled for 2025.
Additionally, Bektenov received a briefing on the construction of a Kia car manufacturing plant. Estimates place the project's total cost at $200 million, with foreign direct investment providing approximately 80 percent of the funding. Launching in 2025, the plant will have a full production capacity of up to 70,000 vehicles annually. The factory will create 1,500 new high-paying jobs.
To note, in the first 11 months of this year, the industrial production volume in the Kostanay region of Kazakhstan reached 2.5 trillion tenge (approximately $4.75 billion), with the manufacturing sector accounting for more than 72 percent. In 2024, the region has implemented six industrial projects worth 124.7 billion tenge (approximately $236 million), creating 1,301 new jobs.