Hungary to launch investment project to boost compound feed production in Kazakhstan
Kazakh Deputy Prime Minister – National Economy Minister Serik Zhumangarin held a meeting today with the leadership of Hungary’s company UBM Group, Kazinform News Agency has learnt from the press service of the Kazakh government.
As part of the major investment project, the Hungarian company is to build three plants in 2025-2027 with a combined production capacity of 48,000 tons of premixes and 300,000 tons of compound feed as well as a laboratory and a training center.
Kazakhstan eyes the replacement of over 250,000 tons of imported compound feeds through the project.
Kazakhstan is interested in promoting projects for deep processing of grain, meat and milk. We recently announced a tender offer inviting investors to a number of spheres, with a special focus on food production. Our country eyes self-sufficiency in local food production, especially socially important food products, not less than 90% of the citizens’ needs, said Zhumangarin, inviting the Hungarian company to invest in the food sector.
In turn, Varga Ákos, shareholder of UBM Group, expressed readiness and great interest in establishing new productions in Kazakhstan, mentioning that the company has the necessary experience, capacity and modern technologies.
The project provides for construction of plants in Kostanay, Karaganda regions and Almaty city.
