ASTANA, Kazakhstan, April 27. Kazakhstan has
signed a number of agreements with international agricultural
machinery manufacturers to localize production in the country,
Trend reports via the
Kazakh government.
The agreements were reached following a meeting between Prime
Minister Olzhas Bektenov and executives of global agricultural
machinery companies from Europe, Canada, and the US.
The multilateral agreements are aimed at localizing the
production of agricultural machinery in Kazakhstan based on the
facilities of a localization center in Kostanay. The deals were
signed between AgromashHolding KZ, Eurasia Group AG, and global
manufacturers including Väderstad Group, Dewulf, Lindsay
Corporation, Amity Technology, Frans Vervaet B.V., Kuhn Group, and
Brandt.
During the meeting, Bektenov noted that more than 130,000
tractors, around 30,000 combines, and over 200,000 units of trailed
and mounted equipment are currently in operation across
Kazakhstan’s fields. The fleet renewal rate reached 6.5 percent
last year, with a target to increase it to 10 percent annually.
To support this goal, the government has introduced a
comprehensive system of measures, including subsidies covering up
to 30% of machinery purchase costs, reduced loan and leasing
burdens, and concessional financing at 5% for domestically produced
equipment.
According to Bektenov, over the past two years, sales of locally
produced machinery have increased by 35%, from 7,700 to 10,400
units, with demand shifting toward more complex and high-tech
equipment. Currently, eight major enterprises operate in the
country, producing more than 8,000 tractors and 1,200 combines
annually, while the share of domestically produced machinery in the
local market has reached about 90%.
