Tyre Production for Make Benefit of Kazakhstan
Kazakhstan, a country perhaps best known through the talents of UK film and television personality Sacha Baron Cohen, has expressed its ambition to become a tyre industry player. The national government, the Astana Akimat, has signed a memorandum giving the go-ahead to build a new tyre manufacturing facility under the country’s “Kazakh Tyres’ Industry Sector Development” investment project. The memorandum was signed by numerous government officials.
According to Kazakhstan news agency Kazinform, the proposed factory will specialise in the production of premium car tyres, and will have an annual capacity of four million units. Approximately US$200 million is being invested in the project that will be located in the Astana Industrial Park, near where Nissan reportedly recently agreed to establish a manufacturing facility.