Support for new tire plant in Kazakhstan

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TOO KamaTyresKZ (a joint venture of Russian oil company Tatneft, TOO AllurTyres and the Ministries of the Republic of Kazakhstan) has announced a package of agreements confirming the provision of state support measures for the construction of a tire manufacturing factory in Saran, Kazakhstan.

The documents regulate the main agreements of the parties on investment preferences during the construction of the factory, the investment obligations of TOO KamaTyresKZ, as well as the conditions for Kazakhstan to extend a land plot grant-in-kind for the implementation of the investment project.

The joint venture establishment provides for the construction of a new factory in Kazakhstan, with an annual capacity of 3 million passenger and light truck tires, as well as 500,000 SSC truck tires. Investment in the project is intended to be US$284m. Production is expected to start in 2022, with the factory expected to reach the full design capacity in 2024.

There will be 1,116 jobs created within the project. Car tires will be sent to Russia, Kazakhstan and Central Asian countries.

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About Author

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Matt joined UKi Media & Events in 2014 after seven years of living and working in Dubai. He has been a journalist for over a decade and has worked for a wide range of publications, including Rolling Stone, Time Out, iQ and Loaded. After starting out on the automotive team as deputy editor of Engine Technology International, Electric & Hybrid Vehicle Technology International and Transmissions Technology International, he has been an editor since 2015, and began editing Tire Technology International in 2018. In 2020, he was appointed editor-in-chief of Tire, Professional Motorsport World, Electric & Hybrid Marine Technology International and Crash test Technology International.

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