Uzbekistan's Artel establishing household appliance production plant in Kazakhstan

By bne IntelIiNews July 31, 2023

The Uzbekistan-based Artel Electronics Group is establishing a household appliance production plant in Kazakhstan, with the plant expected to become operational in 2025. The project is being implemented in the Karaganda region of Kazakhstan, and both Kazakh and Uzbek authorities have expressed satisfaction with the timely progress of the investment.

Once operational, the plant will manufacture a range of household appliances, including kitchen stoves, vacuum cleaners, televisions, mini-ovens and washing machines. 

As of now, the project completion document (PCD) has been finalised, and construction and installation works have already commenced. Additionally, about 10% of the required equipment has been delivered to the site since the start of construction in March. 

Related Articles

Fintech Freedom Holding aims to make France key entry point into EU with €500mn investment

A French banking licence would open the way to a new phase in the international expansion of Nasdaq-listed fintech group Freedom Holding Corp. That’s the expectation of Freedom, a company ... more

Net income at Freedom Holding Corp more than doubles in fiscal 2026

Freedom Holding Corp (Nasdaq: FRHC) slightly more than doubled its net income to $153.3mn in its fiscal year to March 31 from from $76.2mn in the previous fiscal 12 months, the international ... more

Eurasian Development Bank redeems €286mn Eurobond

The Eurasian Development Bank (EDB) said on March 26 it had fully redeemed a five-year Eurobond, meeting all obligations to investors at maturity. The bank paid a total of €286mn, covering both ... more

Dismiss
liveChat() ?>