Azernews.Az

By Vusala Abbasova

Kazakhstan plans to build its first plant for the production of power transformers within National Champions program, said Chairman of the Board of Alageum Electric JSC Yerkebulan Ilyasov.

"In the framework of "National Champions" program we plan to build the first plant in Kazakhstan for production of power transformers of voltage class 220 kV and 500 in Shymkent (the city in the South Kazakhstan Region), it will employ more than 400 workers", Ilyasov said.

In his statement, Ilyasov also stressed that the plant will produce new products at the new capacities for export.

The Competitiveness Leaders - National Champions program was launched in the spring of this year in order to create a pool of leading companies.

The aim of the program is to create competitive, export-oriented production of non-primary sector by forming companies of the regional and global level in Kazakhstan.

Some 300 successful Kazakh companies selected the National Champions as representative of the country in the foreign market on October 28.

Managing Director – the Member of the Board of the Baiterek Holding Kanysh Tuleushin under the recent press conference in Central Communications Service explained that, forming a pool of the project participants, the main preferences were given to companies with revenues of more than 2 billion tenge.

The growth rate of companies, which is in the final list, have not fallen below 10 percent over the recent years, Tuleushin said.

Currently, financial support of eight companies in the amount of 16 billion tenge has already been approved. It is planned that in the next 3-5 years the project participants will launch in Kazakhstan the production of drilling rigs, power transformers, buses, drywall, and other building materials.

“In 2018, total revenue of 28 selected companies is expected to increase by 170 billion tenge. As a result, there will be created about five thousand workplaces, non-oil exports will be increased by 35.5 billion,” said the speaker.

In the end, there will be produced the import substitution of products expressed in 66 billion tenge.

Baiterek Holding chose the Malaysian model to support companies as a basis for the formation of the national champions of Kazakhstan among midsize and large businesses.

Development of the program and its implementation was carried out together with the experts from the international consulting company McKinsey & Company, which has experience in concept development and implementation of similar programs in Singapore, Malaysia, Germany and France.

Baiterek together with experts of McKinsey & Company chose about 30 of 300 Kazakh companies for further participation in the National Champions program.

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