The Ministry of Industry and Infrastructure Development has announced that Kazakhstan plans to start producing industrial lead-acid batteries. A factory worth 3.2 billion Kazakh tenge will be built in the country. The plant is expected to be launched in December 2023 and reach full production capacity in 2024-2025, creating 166 jobs in the process.
The plant is expected to have an annual production capacity of 210,000 units of industrial lead-acid batteries, with an average annual value of 22 billion Kazakh tenge. The ministry has noted that the main consumers of this product are in the B2B sector, including state, quasi-state, and private corporate entities, with demand expected to come from the oil and gas, industrial, and telecommunications sectors.
To promote these stationary batteries in both the domestic and foreign markets, a private company will participate in regulated tenders for buyers and regional wholesale distributors for sales. Kazakhstan plans to sell its products in Kazakhstan, Kyrgyzstan, Uzbekistan, Azerbaijan, Armenia, Belarus, and Russia, with exports to the EU and the Middle East, also being planned.
The ministry also plans to provide support to investors in building and launching production, offering preferential financing through the Industrial Development Fund.