The Russian company Ural Springs Plant plans to invest in the construction of a spring and wire production facility in the Kostanay region, QazMonitor reports citing Interfax Kazakhstan.
According to the regional branch of Kazakh Invest, the company aims to invest about ₸1 billion to build the facility at the early stages of the project. Its implementation is expected to create up to 50 jobs and produce 40-45 thousand units of products a month in the initial stage.
Ural Springs Plant is in the process of obtaining land. After that, the company plans to sign the first contracts for the supply to Europe and start construction. The production and delivery cycle will take about 9 months, the company said.