The President surveyed the automobile manufacturing facility that assembles Hyundai light commercial vehicles. The project has been realized due to the agreements achieved following the last visit of the President of Kazakhstan to the South Korea in April 2010. Astana Motors Company and Hyundai Motor Company signed a Memorandum of Mutual Understanding and Cooperation on SKD (Semi Knock Down) Assembly of Trucks and Buses.
The project is being realized under the forced industrial innovative program, significantly contributing to the development of the prospective field of machine building industry. The investments of this project made up KZT 1 billion.
President of Astana Motors Company Nurlan Smagulov reported to the President that according to the plans more than 1,000 automobiles will be manufactured in the current year. More than 400 vehicles among them will be exported to the Republic of Belarus, the Russian Federation, and the Central Asian countries. In August, Hyundai Auto Trans will launch production of Hyundai County buses for 19 to 28 seats. The participation share of Kazakhstan in production will increase by 30 percent. The car assembly plant is constantly developing. In 2013, it is planned to produce 10 ton capacity heavy duty trucks.
The President left his signature on the first bus assembled at the Hyundai Auto Trans.
