ASTANA, Kazakhstan, April 7. The government of
Kazakhstan has approved an investment agreement between the
Ministry of Industry and Construction and Ultradecor Trading
Kazakhstan for the construction of a wood processing plant in North
Kazakhstan Region, Trend reports via the Kazakh government.
The 70-billion-tenge (about $148 million) project, scheduled for
2026-2028, is expected to create at least 160 permanent jobs,
expand domestic wood processing, increase production of finished
goods, and strengthen the region’s industrial capacity. The plant
will have an annual production capacity of around 600 cubic meters
of particleboard and 20 million square meters of laminated
particleboard.
Under the agreement, the investor is required to use goods, raw
materials, work, and services from Kazakh manufacturers. At least
50% of finished products will be directed to the domestic market,
and once the plant reaches 80% of its design capacity, exports of
locally produced finished goods are expected to reach 60,000 cubic
meters per year.
The agreement also includes obligations for social support in
the region, as well as the introduction of continuous staff
training and skills development programs.
The project is expected to advance the wood processing sector,
increase local content, expand employment, and strengthen the
export potential of Kazakhstan’s manufacturing industry.
