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An agreement was signed between LLP "Samruk-Kazyna Contract" and JSC "Semipalatinsk Machine-Building Plant"

On September 9, 2022, representatives of the Samruk-Kazyna Fund, the National Chamber of Entrepreneurs of the Republic of Kazakhstan "Atameken" and the media of the city of Semey visited JSC "Semipalatinsk Machine-Building Plant".

After a familiarization tour of the plant, acquaintance with the history of the enterprise and the production base, an agreement was signed on the intention to conclude an off-take contract between Samruk-Kazyna Contract LLP and Semipalatinsk Machine-Building Plant JSC as part of the import substitution program. It is aimed at creating new production areas in Kazakhstan by signing long-term contracts for the supplied products. SMZ JSC expressed its readiness to participate in this import substitution program, the parties signed an agreement on concluding a long-term contract for the products that the plant is ready to produce for the Fund's companies in the future. This is the product for which there is a demand, but which is not produced in Kazakhstan. By signing an off-take contract with Samruk-Kazyna, Kazakhstan will establish and transform the production of new goods. The Fund, in turn, guarantees domestic producers a long-term contract.

“Support for domestic entrepreneurs and commodity producers is the main priority of the Fund. We intend to intensify cooperation in the implementation of the import substitution policy,” said Darkhan Ramazanov, Deputy General Director of Samruk-Kazyna Contract LLP.

“In Kazakhstan, an import substitution program has been launched, under which Samruk-Kazyna Contract LLP helps us enter the contract manufacturing of our products to replace those parts that are purchased from foreign companies. Work on the project has already started, we have signed an agreement, then we will draw up contracts and deliveries will begin,” said Marat Alyonov, director of Semipalatinsk Machine-Building Plant JSC.

JSC “Semipalatinsk Machine-Building Plant” is a subsidiary of JSC “National Company “Kazakhstan Engineering”, founded in 1969. The enterprise has a full cycle of machine-building production - workshops on its own land, an extensive machine park and qualified personnel.

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