Date: 5 months ago   Category: Auto

Chinese are ready to invest $520 million in production of cars in Kazakhstan


Chinese company Hanteng Auto Co. Ltd intends to construct in Kostanay (The Kustanay region of Kazakhstan) the plant on release of cars with the volume of investment of $520 million, the regional administration reports.

"Hanteng plans to organize production of cars with a power of 80 thousand a year. For export 70% will leave", - it is said in the statement.

Also with reference to the deputy head of the region Meyrzhan Myrzaliyev is noted that "to start next year 10 projects among which there is a creation of a machine-building cluster are studied".

during the visit of delegation of the Kustanay region to China issues on placement of productions in the region, including implementation of projects on heavy mechanical engineering (YTO Group and Sany Heavy Industry), on release of trucks (Sinotruk) have been discussed.

was reminded Besides, by M. Myrzaliyev, the joint project with the Russian colleagues (LLC Sibeko) on construction of the plant which will make sitting for all types of the equipment and various accessories is studied. The volume of the planned investments is estimated at 1,6 billion tenges (about $4,4 million - an edition), design capacity - 250 thousand units a year.

Source: news.finance.ua.

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