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Stephen G. Kaniewski, President and Chief Executive Officer, Valmont




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Valmont sincerely congratulates the people and the government of Kazakhstan on 30 years of independence. We wish you continued peace and prosperity. I would like to thank KAZAKH INVEST for the invitation to participate in today’s roundtable, which comes at an important time for your country. You have maintained your commitment to diversifying your economy and the government continues its efforts to bring about sustainable development, making Kazakhstan an excellent market for investment. Valmont was attracted to this market because the government showed that modernizing the agricultural sector through foreign investment with a key priority. This year we signed an investment agreement with the government. Together with our partners at Custo group, we plan to build a plant to produce valley irrigation machines and other Valmont products. We look forward to continuing our cooperation with the ministry of agriculture and the ministry of ecology. So that our presence will help grow the volume of irrigated land, improve harvest yields and better manage the country’s precious water resources. From the beginning, we had strong relationships with prime -minister Mamin and with the ministry of foreign affairs. Both here in Nur-Sultan through the support we have received from KAZAKH INVEST and in Washington through the embassy of Kazakhstan, we have worked closely with the ministry of national economy and other agencies, including local government to move our relationships forward. To other investors considering this market, we believe the location at the center of Eurasia along with the government support of foreign investment make Kazakhstan a viable location for future business operations. On behalf of Valmont I would like to wish Kazakhstan, new successes with foreign investors to help usher in a period of sustainable diversified economic development. We are ready to do our part. In closing, let me again congratulate Kazakhstan on 30 years of independence and wish you a peaceful and prosperous future.

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