Business news

28 Jun 2021

Belarus’ PM visits Kazakhstan’s industry giants

MINSK, 28 June (BelTA) – During his visit to Kazakhstan Belarus’ Prime Minister Roman Golovchenko toured a number of local companies accompanied by his Kazakh counterpart Askar Mamin, BelTA learned from the press service of the government.

Roman Golovchenko visited Kazakhstan’s largest vehicle manufacturer - SaryarkaAvtoProm. This is the first plant in Kazakhstan to meet industrial assembly requirements, including in welding, painting and body assembly. In addition, this plant is the only enterprise that produces all types of vehicles.

The prime minister of Belarus also visited Agromash HoldingKZ. This is the country’s only industrial enterprise that produces a wide range of grain harvesters, tractors and additional products. It is also an exclusive distributor of Gomselmash products in Kazakhstan.

At Composite Group Kazakhstan Roman Golovchenko got acquainted with the production of tractors and other types of agricultural machinery. Now its assembly line can produce 1,200 units of Belarus tractors per year. The enterprise is going to make the most of this production site, create new jobs, expand the number of technological operations aimed at increasing the level of production localization. Also, a production facility to accommodate a workshop to make universal tractor cabins is already under construction. The project is to be completed at the end of 2021, while the first cabin is to be rolled out in the mid-2022. About $7 million of investment is to be allocated for the project.

Roman Golovchenko also visited Sokolov-Sarybai Mining Production Association that extracts and processes iron ore, limestone and dolomite. During the three-day visit, the Belarusian head of government will meet with Kazakhstan’s President Kassym-Jomart Tokayev. There will also be talks with Prime Minister Askar Mamin. Bilateral documents are to be signed. In addition, the Belarusian prime minister is set to visit the ModeX plant, the Astana International Financial Center and the National Museum of Kazakhstan.

Kazakhstan is in top 10 export markets for Belarus and is the third biggest export market in the CIS. In 2020, Belarus-Kazakhstan trade amounted to $847.9 million. Belarus’ main exports were tractors, combine harvesters, beef, milk, cream, sugar, cheese, cottage cheese, furniture and medicines. Belarus’ imports from Kazakhstan are dominated by coal, petroleum products, cotton fiber, rails, raw zinc, ferroalloys and metal products.

There are 54 enterprises with Kazakh capital in Belarus, including 13 joint ventures and 36 foreign ones. There are 366 companies with Belarusian capital in Kazakhstan.