Prime Minister Olzhas Bektenov held a meeting with heads of leading agricultural machinery companies from Europe, Canada and the USA. He noted that growing production volumes, higher yields and expanding export supplies increase demands for technical equipment of farmers.
Currently, over 130,000 tractors, about 30,000 combine harvesters and more than 200,000 units of trailed and mounted equipment are used in Kazakhstan's fields. The fleet renewal rate last year was 6.5%, while the target is set at 10% annually. To stimulate demand, a set of support measures is in place: subsidizing up to 30% of equipment purchase costs, preferential financing at 5% for domestic products, and reducing credit and leasing burdens.
The measures have already shown results: over the past two years, sales of domestic equipment grew by 35% — from 7,700 to 10,400 units. The country has 8 large enterprises producing over 8,000 tractors and 1,200 combine harvesters annually, with the share of domestic equipment on the domestic market reaching about 90%.
International partners confirmed interest in deepening localization, technology transfer and developing service infrastructure. John Deere announced plans to produce about 3,000 units of equipment in the coming years, considering Kazakhstan 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 a number of international manufacturers, including Väderstad Group, Kuhn Group and others. The documents provide for localization of production at the Localization Center in Kostanay.
