Tatneft and Allura JV launches tire manufacturing in Kazakhstan interfax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from interfax.com Daily Mail and Mail on Sunday newspapers.
The total investment will amount to 125 billion tenge (more than $ 292 million)
NUR-SULTAN. /TASS/. Prime Minister of Kazakhstan Askar Mamin and President of Tatarstan Rustam Minnikhanov took part in the ceremony of starting the construction of a tire production plant in Saran, Karaganda region, reported the press service of the prime minister of Kazakhstan on Monday. The project is being implemented by KamaTyresKZ LLP - a joint venture of the Allur Group of Companies JSC (Kazakhstan) and Tatneft PJSC. The production capacity of the plant at the first stage will be 3.5 million multi-purpose tires annually, with subsequent increase to 9 million tires per year. The plant will increase the level of localization of automobile production in Kazakhstan and ensure import substitution of tires, the message reads.