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Kazakhstan at INNOPROM-2019: Presenting its Companies at the National Stand

01 July 2019
Kazakhstan at INNOPROM-2019: Presenting its Companies at the National Stand

Investment Activity Boost

Manufacturing enterprises from the Republic of Kazakhstan are preparing for the upcoming anniversary INNOPROM. 16 companies will present their products at the National Stand.

 

"As part of its program for service support of exporters, the Chamber of International Commerce of Kazakhstan decided to organize the unified National Stand for Kazakhstani manufacturers," Trade Mission of the Republic of Kazakhstan in Russia stated.

 

The Stand is organized by the Ministry of Industry and Infrastructural Development of the Republic of Kazakhstan with the support of the National Chamber of Entrepreneurs of the Republic of Kazakhstan "Atameken" and the Chamber of International Commerce and the assistance of the Trade Mission of the Republic of Kazakhstan in Russia.

INNOPROM-2019 will feature several manufacturers of electrical equipment: Astana Electrotechnical Plant LLP, JSC KELET, Ural Transformer Plant LLP, and Kentau Transformer Plant JSC.

 

"The event will encourage innovative and investment activity in the industry and promote business partnership in the power industry, electrical engineering, and related segments,"

Akzhol Sauranbaev, Director of Ural Transformer Plant PPL, pointed out.



The National Stand will also demonstrate products and solutions manufactured by mechanical engineering companies: Ust-Kamenogorsk Capacitor Plant, KARLSKRONA LC AB LLP, FORMAT MACH COMPANY LLP, and AVZ LLP.

Other exhibitors represent metallurgical and chemical industries, construction materials, etc.

Foundation for Cooperation

In 2019, bilateral trade turnover constituted $17.6bn, a 7.2% increase year-over-year, according to the Embassy of the Republic of Kazakhstan in the Russian Federation. Kazakhstan sold $5.295bn worth of goods, which marks a 7.71% increase. Russian exports to Kazakhstan were estimated at $12.9bn (4.86% increase).

According to the Federal Customs Service of Russia, over the first quarter of 2019 the trade turnover constituted $4.05bn.

 

"Now we have good opportunities and foundation for further cooperation,"

— Askar Zhumagaliyev, Minister of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan, said.


 

The National Bank of Kazakhstan reports that between 2005 and third quarter of 2018 Kazakhstan's accumulated direct investment in Russia constituted $3.8bn while Russia's investment totaled $12.9bn.

Strategic Division

Kazakhstan will receive dozens of new helicopter kits / Photo courtesy of rostec.ru

Kazakhstan has approximately 9,600 companies with Russian capital, which accounts for more than a third (37.7%) of all companies with foreign capital.

Industrialists seek to launch new joint projects. For example, Kazakhstan will perform SKD assembly of Mi-8AMT/Mi-171 helicopters produced by the Russian Helicopters holding. In the beginning of 2019, the manufacturer signed an agreement to that effect with National Company "Kazakhstan Engineering" and Aircraft Repair Plant No. 405.

Parties to the contract also agreed to establish a helicopter lifecycle support system. By the end of 2024, 45 helicopter kits will be supplied to Kazakhstan.

 

"In 2017, our Kazakhstani partners approached us with the initiative to establish helicopter assembly in their home country. We discussed this idea and conducted technical audit of the facilities. Moreover, we modified Mi-8AMT per customer request,"

— Andrey Boginsky, Director General of Russian Helicopters, shared.


 

Russian Copper Company (RCC) also has its presence in the Kazakhstani market. RCC division in Kazakhstan includes several enterprises and two ore-dressing plants. As at the start of 2019, RCC held five licenses for copper ore mining in Kazakhstan, whose aggregate copper reserves are estimated at 1.4mln tons.


"In 2019, RCC investment into ore mining in Kazakhstan will exceed $107mln, roughly a 20% increase year-over-year. Operations in Kazakhstan are our strategic priority, which is why we are actively developing the mineral resource base and processing capacities in the country," RCC press service stated.

 

RCC is actively investing into its division in Kazakhstan / Photo courtesy of rmk-group.ru

RCC intends to build an underground mine at the Vesenne-Aralchinsky deposit with annual ore capacity of 500,000 tons, upgrade dressing operations at the Aktubinsk Copper Company, and develop the Kundyzdy and Limannoye deposits.

For Russian and foreign production projects, INNOPROM provides an opportunity to find new technological solutions. Every year the trade fair serves as a platform for strengthening business relations.

INNOPROM-2019 will host 15 national exhibits, double the amount presented at last year's trade fair. Apart from Turkey, Belarus, China, Czech Republic, Germany, Hungary, Italy, Japan, RSA, Slovakia, and South Korea will participate in INNOPROM with their national stands. Austria, France, and Taiwan will organize their national exhibits for the first time.

Flagship theme of the upcoming trade fair is Digital Manufacturing: Integrated Solutions. We invite your participation in the exhibition and business program events.

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