Kazakhstan's Manufacturing Sector in 2023: Innovative Projects, New Product Production
The Prime Minister's press service provided a summary of the country's achievements in the past year, highlighting key results in the industry.
This year, Kazakhstan saw the launch of 126 new manufacturing projects, totaling more than 488 billion tenge (US$1 billion) in value and providing employment for 8,900 individuals.
Among the key highlights were the opening of Kazchrome's sludge processing plant at the Donskoy Mining and Processing Plant in Chromtau in August. Additionally, November marked the technical launch of a significant special coke production project in the Karagandy Region, alongside the inauguration of a lime production facility with a yearly output capacity of 330,000 tons.
September witnessed a substantial expansion in the Zhetisu Region, increasing ceramic slab production from 1.2 to 3.5 million square meters annually. Concurrently, the construction of a new Kia plant, capable of producing 70,000 cars yearly, commenced in the Kostanai industrial zone. The Hyundai Trans Almaty plant's modernization also concluded successfully.(Source:astanatimes)
Notably, Kazakhstan introduced the production of novel goods, such as petrochemical reagents, variable frequency drives, solar panel cartridges, and high stability low power thermostated crystal oscillators.
Another significant achievement was the repatriation of the Qarmet Karagandy metallurgical plant, previously known as ArcelorMittal Temirtau mining company, back into Kazakhstan's ownership. A private investor plans to allocate around $1.3 billion in the initial phase for plant modernization and safety enhancements.
Development institutions contributed funds surpassing 620 billion tenge ($1.3 billion) to support manufacturing projects. Furthermore, a set of amendments has been formulated to fulfill legislative commitments, ensuring accessible raw materials for manufacturing enterprises and aiming to boost domestic metal processing volumes by 2029.
