Kazakhstan Chamber of Commerce in the USA


Toyota Fortuner plant starts production in Kazakhstan 0

Posted on June 29, 2014 by KazCham

Tengri News

Toyota has started producing Fortuna offroaders at its Saryarka AvtoProm plant in Kostanay in northern Kazakhstan. President Nursultan Nazabayev and the President of Toyota Motors Takeshi Uchiyamada started the Fortuner production line in Kostanay via a teleconference from the 27th Foreign Investors Council meeting at the Borovoe resort area.

Albert Rau, the senior managing director of the Toyota Motors Corporation, spoke about exporting the cars to the nearby Customs Union and the Eurasian Economic Union markets that are 11 times the size of Kazakhstan’s limited domestic market for cars.

The Kostanay plant is Toyota’s first production site in Central Asia and is expected to build 250 cars a month. Toyota will use the Complete Knock-Down (CKD) method to manufacture the cars—which means that all the components and technology used in production will be locally sourced. This is likely to provide a fillip to the local economy, create jobs for over 2,500 Kazakhs, and generate up to 3.17 million in taxes for the State.

Baiterek holding (the national holding company funding industrialization projects), has helped Toyota to lease the high-tech production equipments, while the Development Bank of Kazakhstan provided $58.4 million for the plant.

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