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Chinese YTO Group Corporation intends into invest in Kazakhstan

The Chinese company that produces agricultural equipment and road-building machinery intends to invest into Kazakhstan.

Representatives of the Ministry for Investment and Development of Kazakhstan met with the leaders of YTO Group Corporation and discussed the partnership opportunities.

The company is one of the world's largest producers. For today they explore the Kazakhstan market and are currently examining the opportunities to construct an assembling plant. According to Deputy Head of the Company Wang Ke Jung, with successful implementation of this project, about 10,000 units will be assembled per year.

Wang Ke Jung, Deputy Head of the Company:

- We sent some working groups to identify the investment opportunities of Kazakhstan. As a result, we came to the conclusion that Kazakhstan is a country with a thick market and developed infrastructure in the agricultural sector. The equipment that we plan to produce will meet climatic and geographical conditions of Kazakhstan. The project also provides the construction of service and trading centers. Thus, we wish to make our own contribution to the development of the Kazakhstan agriculture.

http://​http://24.kz/ru/news/economyc/item/223932-kitajskaya-yto-group-corporation-namerena-investirovat-v-kazakhstan