CMC Chinese company invests in production of JAC cars in Kostanai

16 February 2016, 18:13
Kostanay Region

The “ChinaMachineryCompany” Chinese company has invested $ 5 million in production of JAC cars on the territory of the industrial zone in Kostanay region, head of the region Arkhimed Mukhambetov has reported today at a briefing in the CCS.

According to the mayor, in August last year the LLP "SaryarkaAvtoProm», ChinaMachineryCompany and JAC Motors and Chinese companies signed agreement on strategic partnership and development of the Kazakhstan National car brand, which provides for development of engineering industry.

Supply and installation of technological equipment is scheduled for June-July 2016.

"In late February, the delegation is expected to visit the company's CMC to Kostanay to discuss the details and decide the beginning of construction of the industrial zone and the signing of a tripartite document, the start of the project between the CMC, regional city administration and the LLP "SaryarkaAutoProm",” the head of the region sahred.

It is also planned to sign a license agreement on industrial assembly models, as well as the export contract between LLP "SaryarkaAutoProm" and IVECO Russia for supply of pilot Daily vehicles in the Russian Federation.