Kazakhstan: Hyundai car assembly plant opens in Almaty

NUR-SULTAN  — Prime Minister of Kazakhstan Askar Mamin on October 15 launched the production of Hyundai cars in Kazakhstan’s largest city, Almaty. Minister of Trade, Industry and Energy of the Republic of Korea Sung Yun-mo, Minister of Industry and Infrastructure Development of Kazakhstan Beibut Atamkulov, Presidents of Hyundai Motor Company Won-Hee Lee and Astana Group Nurlan Smagulov took part in the opening ceremony of the plant in the format of a teleconference, primeminister.kz reported.

The plant was built taking into account modern technologies of the global automotive industry and the requirements of environmental standards. The capacity of the plant at the first stage will be 30 thousand cars per year, at the second stage — up to 45 thousand per year. The total investment exceeds 28 billion tenge. More than 1,000 new jobs have been created, taking into account related industries. In the future, it is planned to open a plant for the production of auto components, which will provide for more than 51% of production localization and export to the CIS countries.

“For nine months of this year, the volume of production in the automotive industry [in Kazakhstan] increased by over 50%. This sphere allows creating highly qualified jobs and producing products with high added value,” Prime Minister Mamin said at the opening ceremony.

The prime minister stressed that the opening of Hyundai cars production in Almaty is a vivid example of expanding industrial cooperation with one of the world’s largest leaders in the automotive industry — Hyundai Motor Company, as well as deepening fruitful cooperation between Kazakhstan and the Republic of Korea.