ASTANA, Kazakhstan, October 21. Kazakhstan’s largest uranium mining company, Kazatomprom, has signed a strategic agreement with Siemens to localize the production of advanced measuring equipment and industrial automation tools in the country, Trend reports.
Under this agreement, Siemens and KAP Technology LLP, a subsidiary of Kazatomprom, plan to establish a joint production facility in Turkistan.
This facility will focus on producing high-precision equipment such as electromagnetic flow meters, automation cabinets, frequency converters, and pressure sensors, which are crucial for advanced industrial processes.
Kazatomprom Chairman Meirzhan Yusupov commented, "This project aligns with our goal of increasing domestic procurement and strengthening the import substitution framework outlined by the Head of State. Through our Local Project Office for import substitution, we support local producers and evaluate potential new projects. Collaborating with Siemens will elevate the automation and digitalization of our operations, making our facilities more competitive globally."
This project is part of a larger strategic plan under the Samruk-Kazyna Fund. During the Kazakhstan-Germany Business Forum in September, the Fund signed an agreement with Siemens on the localization of production in Kazakhstan, the establishment of joint ventures, and the training of local personnel. This collaboration is set to enhance Kazakhstan’s technological capacity and contribute significantly to its economic growth.