Kazakhstan Chamber of Commerce in the USA

KazCham



Elevator manufacturing plant unveiled in Astana 0

Posted on August 20, 2014 by KazCham

Business Intelligence from Colibri Law Firm: Issue #92

Kazakh-Chinese joint elevator plant has been unveiled in Astana. The plant will be producing igh-speed Auxe elevators that comply with international standards in terms of safety, energy efficiency and environmental friendliness. Its design capacity is 1,000 elevators per year.

Apart from the standard elevators for residential and office buildings that can carry 4 to 16 people at a time, the plant will manufacture cargo and automobile lifts (capacity of 5,000 kilograms), hospital elevators (1600 kilograms), make-to-order panoramic elevators, escalators and moving walkways.

Express Elevator KZ will also be providing installation and maintenance services together with its elevators and escalators. Its location close to Astana will enable it to beat the market’s average of 4-6 months and deliver elevators in 1-2 months after an order is made. The company has its own warehouse, so it can provide spare parts within 1-3 days time.

The project is worth $60 million. It is expected to create 450-600 jobs. The localization level at the initial stages of the knock down will make 50%, and later will be advanced to 70-80%.

Kazakhstan already has a running elevator manufacturing plant with Belarus. The project is jointly run by Kazakhstan’s Pavlodar-based Irtish-Lift and Belarusian MogilevLiftMash. They have manufactured 252 elevators for Kazakhstan so far.



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