Production of Auto Components for Kia Plant to Be Localized in Kostanay
Deputy Chairman of the Board of JSC “NC KAZAKH INVEST” Madiyar Sultanbek and Deputy Director of the Project Department Alzhan Yestemesov held a meeting with the General Director of the joint venture Seoyon E-Hwa Kazakhstan, In Jae Cho.
The parties discussed a project to localize the production of auto components in Kostanay region, with products to be supplied to the under-construction Kia Kazakhstan plant. The total investment in the project is estimated at USD 27 million, with production launch planned for 2027.
The enterprise in Kostanay will produce door panels, seats, bumpers, consoles, headliners, and other interior and exterior parts for automobiles.
Deputy Chairman of the Board of JSC “NC KAZAKH INVEST” Madiyar Sultanbek noted that the localization of auto component production in Kostanay region would be an important step in the development of Kazakhstan’s automotive cluster. According to him, the implementation of the project will create new jobs, expand cooperation chains, and increase the level of localization in the automotive industry.
“The construction of the Kia plant in Kostanay is already creating a multiplier effect: other Korean companies supplying auto components are entering the Kazakh market. This will allow the formation of a full-fledged automotive cluster with new jobs and a higher degree of localization,” emphasized Madiyar Sultanbek.
General Director of the joint venture Seoyon E-Hwa Kazakhstan In Jae Cho noted that the company sees great potential not only in supplying auto components for the Kia plant in Kostanay, but also in supplying products to other plants in Kazakhstan. According to him, the implementation of the project will create a strong production base that will serve as a platform for exporting products to countries in the region.
Reference:
Seoyon E-Hwa is a global manufacturer of auto components with a network of plants in South Korea, the USA, China, India, Mexico, Brazil, Slovakia, Poland, and other countries. The company is a key partner of Hyundai Motor and Kia, supplying a wide range of interior and exterior parts for leading global automakers.
