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Turkey's Aselsan to set up plant in Kazakhstan

19.04.2011, 10:46 9586

Almaty. April 19. Kazakhstan Today - Turkey's Aselsan will set up a plant in Kazakhstan that will cost $30 million to produce night vision systems used in armored vehicles and electro optical equipments, Kazakhstan Today reports.

Executives of Aselsan signed Monday an agreement with Kazakhstan Engineering to start a joint venture named "Aselsan-Kazakhstan Engineering," World Bulletin reported.

Turkish defense industry company Aselsan will build a 30 million USD plant in Kazakhstan to produce night vision systems to be used in armored vehicles and electro optical

equipments.

Executives of Aselsan signed Monday an agreement with Kazakhstan Engineering to start a joint venture named "Aselsan-Kazakhstan Engineering".

Aselsan and Kazakhstan Engineering will be equal partners in the company and the plant.

Turkish Deputy Undersecretary for Defense Industry Ibrahim Tohumcu, who attended the signing ceremony in Astana, said that the new plant would meet defense industry needs of not only Kazakhstan but also all regional countries.

The plant will be fully operational in a year, Aselsan's executives said.

Photo: World Bulletin

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