Prime Minister Olzhas Bektenov held a meeting with heads of leading agricultural machinery companies from Europe, Canada and the USA. During the meeting, it was noted that increasing production volumes, improving productivity and expanding export supplies impose new requirements on the technical equipment of farmers.
Currently, more than 130 thousand tractors, about 30 thousand combines and over 200 thousand trailed and mounted machinery are used in Kazakhstan's fields. Last year, the renewal rate of the machinery fleet was 6.5%, with an annual target of 10%. To stimulate demand, measures are applied such as subsidizing up to 30% of machinery purchase costs, financing at 5% for domestic products, as well as reducing credit and leasing burdens.
As a result of the measures taken, over the past two years, sales of domestic machinery increased by 35%, from 7.7 thousand to 10.4 thousand units. The country has 8 large enterprises producing more than 8 thousand tractors and 1.2 thousand combines per year, and the share of domestic machinery in the domestic market reached 90%.
International partners have shown interest in deepening localization, technology transfer and developing service infrastructure. John Deere plans to produce about 3 thousand units of machinery in the coming years, considering Kazakhstan as a key partner in Central Asia. Eurasia Group AG announced the launch of training and employment programs for specialists.
Following the meeting, multilateral agreements were signed between AgromashHolding KZ JSC, Eurasia Group AG LLP and international manufacturers Väderstad Group, Kuhn Group. The documents provide for localization of production at the Localization Center in Kostanay.
