The Government of Kazakhstan has approved the signing of an Investment Agreement between the Ministry of Industry and Construction of the Republic of Kazakhstan and Ultradecor Trading Kazakhstan LLP for a wood processing facility construction project in the North Kazakhstan Region. The corresponding resolution was signed by Prime Minister Olzhas Bektenov.
The project, valued at 70 billion tenge, will be implemented in 2026-2028. Its launch will create at least 160 permanent jobs, expand domestic wood processing, increase finished product output, and strengthen the region's industrial potential. The plant's production capacity will be approximately 600 cubic meters of particleboard and 20 million square meters of laminated particleboard per year.
The agreement stipulates the mandatory use of goods, raw materials, labor, and services from Kazakhstani manufacturers. The investor is committed to exporting at least 50% of the finished product to the domestic market. Once the plant reaches 80% of its design capacity, export volumes of domestic finished products will reach 60,000 cubic meters per year.
Separate commitments to social support for the region are also included. The investor also undertakes to implement a continuous personnel training system and ensure professional development.
The project will contribute to the development of the woodworking industry, increase local content, expand employment, and strengthen the export potential of Kazakhstan's manufacturing industry.
