“Tatneft” organizes the production of tires in Kazakhstan
The Russian company PJSC "TATNEFT" in cooperation with the Kazakhstan company JSC "Group of companies "Allur" will create a joint venture for the production of automobile tires in Kazakhstan. The corresponding agreement of intent and a roadmap for the implementation of the project were signed during the visit of Deputy Prime Minister of the Republic of Kazakhstan Mr. Roman Sklyar and Deputy Minister of Foreign Affairs of the Republic of Kazakhstan Mr. Almas Aidarov to Nizhnekamsk. The signing ceremony was also attended by the Prime Minister of Tatarstan Mr. Alexey Pesoshin.
As noted in the agreement, the project will include the construction of a new plant in Kazakhstan for the production of auto car, light truck, and truck tires. The planned capacity of the enterprise is 3 million passenger car and light truck tires, as well as 500 thousand truck tires per year. The volume of investments will be from $ 140 to $ 188 million.
“The project is strategically important for further development of the automotive industry in Kazakhstan. An absolutely new product, which has not been produced in Kazakhstan since the Shymkent tire plant closed down. The negotiations have been going on for a long time, and have reached an intermediate result. However, there is still a lot of work to be done, and we should reach an agreement with the investor on basic terms for its implementation by the autumn", - said the Deputy Minister of Foreign Affairs of the Republic of Kazakhstan Mr. Almas Aidarov.
“Kazakhstan auto industry has been leading for several years in terms of growth in the industry and occupies one of the most important areas in machine-building of the Republic of Kazakhstan. Development prospects and access to the EAEU markets and neighboring countries continue to attract new technologies and investments to the country. The creation of own auto component base, in particular, the production of tires is one of the most important stages in industry development, which will make it possible to take a serious step in increasing the product's localization of Kazakhstan's factories "- said Mr. Andrey Lavrentiev, Chairman of the Board of Directors of JSC "Group of companies "Allur".
As of today, Kazakhstan's demand for tires is fully covered by imports. In 2018, more than 4 million tires and tires for auto cars were imported. Apart from that, the demand for Budget Car Classes has grown significantly in recent years both in Kazakhstan and in neighboring countries.
The creation of a new production facility for "Tatneft" will be another step towards strengthening the tire complex. We are proud that our competencies in the field of tire production are in demand not only in Russia, but also abroad, and we will be happy to contribute to the development of the automotive industry in Kazakhstan", - said Mr. Nail Maganov, General Director of PJSC "TATNEFT".
It is planned to launch production in 2022. The project will create about 800 workplaces, taking into account related industries. According to the roadmap for the project implementation, automobile tires will be sent to the primary equipment of cars produced in Kazakhstan, the secondary market, as well as for export to neighboring countries.
Information: JSC "Group of companies "Allur" is a shareholder of the largest car manufacturer in Kazakhstan LLP "SaryarkaAvtoProm", an official distributor, manufacturer and brand dealer of JAC, Ankai, Yutong, Chevrolet, Ravon, Hyundai, Niva Chevrolet, UAZ and MAN in Kazakhstan.
PJSC "TATNEFT" is one of the largest Russian vertically-integrated oil companies, which dynamically develops oil and gas production, oil refining, petrochemicals, a tire complex, a network of filling stations, power engineering, development and production of equipment for the oil and gas industry and a block of service structures. "TATNEFT" is one of the largest Russian public companies with a market capitalization of more than $ 28 billion at the end of 2019.
