Machinery / Industrial Parts & Tools

The Ministry of Industry and Infrastructure Development of Kazakhstan issued an order a few days ago, deciding to exempt Kazakh auto and agricultural machinery parts manufacturers from the value-added tax on the sales of parts and components.

The Ministry of Industry and Infrastructure Development of Kazakhstan stated that the order was issued to ensure effective state support for the production of automotive and agricultural machinery parts, thereby increasing investment attractiveness, reducing component production costs, and improving the localization level of the automotive and agricultural machinery manufacturing industries. And technical operation capabilities.

It is reported that the "Localization Center" in Costa Nay State has been officially put into operation at the end of March 2021. The center will produce more than 1,200 kinds of parts for agricultural machinery and JAC and Chevrolet vehicles.

At the beginning of April, construction of a factory for the production of KAMA and Viatti automobile tires started in Karaganda. The project is scheduled to be completed by the end of 2022. After completion, it will effectively improve the localization level of Kazakhstan's automobile production and ensure the realization of automobile tire import substitution. 40% of the products will be used. For export.

Hyundai Motor Kazakhstan is building a car bumper and plastic parts production plant in Almaty. An automobile casting production plant in Costa Nays is under construction. The first phase of the project is scheduled to be completed in October 2021 to produce axle boxes, cylinder blocks and engine heads for Kamaz K5 series trucks. 95% of the products will be exported.