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Honeywell opens its 1st assembly plant in Kazakhstan as part of new localization strategy

The United States Honeywell company opened its 1st assembly plant for advanced automation & safety equipment in the country. The U.S. remains the most important trade partner, having invested over $2.8 billion in Kazakhstan’s economy in 2021

Honeywell opens its 1st assembly plant in Kazakhstan as part of new localization strategy

Source: Courtesy of Honeywell

Almaty, July 22 - Neftegaz.RU. According to the Astana Times, the opening of the plant is part of a strategy to expand localization and strengthen its presence in Central Asia.

Honeywell, a North Carolina-based company that develops industrial technology, is included in the Fortune 100 list of the world’s leading companies with offices in 70 countries and more than 110,000 employees worldwide.
The company has been present in Kazakhstan for more than 2 decades.
It has been supporting the country’s oil & gas industry for more than 40 years, supplying advanced technologies in gas production and processing, transportation and deep oil refining.

Honeywell President for Central Asia, Turkey and Israel Uygar Doiran said the opening of the plant in Kazakhstan is going to strengthen its position in the market of Central Asia:
  • Our assembly site in Almaty, the 1st of its kind to produce Integrated Control & Safety System technology in Kazakhstan, provides an additional foundation for expanding domestic production capacity for advanced industrial automation systems in the country
  • It will provide quick and easy access to advanced automation and critical safety technologies in the country’s petrochemical, oil & gas industries
Speaking at the opening of the plant, Deputy Foreign Minister of Kazakhstan Almas Aidarov said:
  • Since 1998, Honeywell has been our close partner in automation and artificial intelligence in a number of upstream & downstream projects
  • Foreign companies, which leave the Russian market for one reason or another, declare their desire to maintain their influence in the Eurasian space
  • Big players have to be based somewhere in any case and there are 265 such targetable companies today
He stressed that Kazakhstan is ready to provide all necessary conditions for the relocation of foreign companies to Kazakhstan in the face of the current geopolitical situation.

In an interview with The Astana Times, Aidarov said 43 major foreign companies are ready to relocate to Kazakhstan to strengthen their presence in the Eurasian region.

Source : Neftegaz.RU

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