BAKU, Azerbaijan, June 12. Kazakhstan's Astana
Motors and Swedish Volvo Group have signed a memorandum of
cooperation providing for preparations for the production of Volvo
trucks in Kazakhstan.
As reported by the country's Ministry of Industry and
Construction, the signing took place during the Kazakhstan–Sweden
bilateral Commission on trade, economic and investment cooperation,
with the participation of representatives of government bodies,
development institutions, and business organizations of both
countries.
“At the first stage of the project, the production of Volvo FH13
trucks designed for long-haul transportation is planned. The
production of Volvo FMX13 vehicles, widely used in the industrial
and construction sectors, is also under consideration,” the
ministry said.
During the meeting, the sides discussed a broad range of
bilateral cooperation issues, including investment, industrial
cooperation, mechanical engineering, mining and metallurgy, and
critical minerals. Special attention was given to localization of
production with an emphasis on high value-added manufacturing.
“The launch of a joint production site will strengthen the
potential of the domestic automotive industry and elevate
industrial cooperation between Kazakhstan and Sweden to a new
level,” the ministry noted.
Volvo Trucks, a Swedish automotive manufacturer specializing in
a wide range of heavy-duty trucks, has already expanded its
presence in Kazakhstan. Last year, the company opened its first
service station in the country, as well as a new office for the
Central Asia and Caucasus region.
