Honeywell Opens Its First Assembly Plant in Kazakhstan as Part of New Localization Strategy

NUR-SULTAN – The US Honeywell firm opened its first meeting plant for superior automation and security tools in Almaty on July 20, experiences the Kazakh Make investments press service.

Honeywell President for Central Asia, Türkiye and Israel Uygar Doiran and Kazakh Deputy International Minister Almas Aidarov on the opening of the Honeywell plant. Picture credit score: make investments.gov.kz

The opening of the plant is a part of a method to increase localization and strengthen its presence in Central Asia. The launch was the results of a joint work by the Kazakh Ministry of International Affairs and Kazakh Make investments nationwide funding firm to offer favorable situations for giant overseas firms that plan to relocate their amenities or regional places of work to Kazakhstan.

Honeywell, a North Carolina-based firm that develops industrial expertise, is included within the Fortune 100 record of the world’s main firms with places of work in 70 international locations and greater than 110,000 workers worldwide.

The corporate has been current in Kazakhstan for greater than twenty years. It has been supporting the nation’s oil and gasoline trade for greater than 40 years, supplying superior applied sciences in gasoline manufacturing and processing, transportation and deep oil refining.

Honeywell President for Central Asia, Türkiye and Israel Uygar Doiran mentioned the opening of the plant in Kazakhstan goes to strengthen its place out there of Central Asia.

“Our meeting web site in Almaty, the primary of its sort to supply ICSS (Built-in Management and Security System) expertise in Kazakhstan, offers an extra basis for increasing home manufacturing capability for superior industrial automation programs within the nation,” mentioned Doiran.

In accordance with him, the plant underscores its dedication to advancing localization plans in Kazakhstan. “It’s going to present fast and easy accessibility to superior automation and important security applied sciences within the nation’s petrochemical, oil and gasoline industries,” he mentioned.

Talking on the opening of the plant, Deputy International Minister of Kazakhstan Almas Aidarov highlighted the significance of the undertaking for strengthening bilateral relations. In accordance with him, america stays a very powerful commerce companion, having invested over $2.8 billion in Kazakhstan’s economic system in 2021.

“We respect Honeywell’s contribution to Kazakhstan’s oil and gasoline sector improvement. Since 1998, the corporate has been our shut companion in automation and synthetic intelligence in plenty of upstream and downstream tasks,” mentioned Aidarov.

He additionally added that Honeywell was contemplating the choice to open their regional workplace in Kazakhstan amongst a number of different massive overseas firms.

“International firms, which go away the Russian marketplace for one cause or one other, declare their need to take care of their affect within the Eurasian area. Large gamers must be based mostly someplace in any case. And there are 265 such targetable firms right this moment,” mentioned Aidarov.

He careworn that Kazakhstan is able to present all crucial situations for the relocation of overseas firms to Kazakhstan within the face of the present geopolitical scenario.

In an interview with The Astana Occasions on July 19, Aidarov mentioned 43 main overseas firms are able to relocate to Kazakhstan to strengthen their presence within the Eurasian area.