Tuesday, December 18, 2018
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Expansion on the way for Kazakhstan Paramount Engineering

Kazakhstan Paramount Engineering to expandKazakhstan Paramount Engineering (KPE), a subsidiary of the South African headquartered Paramount Group, will collaborate in support of Kazakhstan’s industrial capacity development by expanding the company into new aerial, land and maritime production lines.

The announcement was made during last week’s Aerospace Africa and Defence (AAD) exhibition at AFB Waterkloof.

According to a Paramount statement “the commitment behind the partnership (KPE) includes the exploration of KPE manufacturing unmanned aerial vehicles (UAVs), fourth industrial revolution-inspired aerial platforms and production of naval vehicles”. This Paramount sees as examples of expanding on a portable manufacturing model “that has transformed the brand into a dynamic success story”.

The Paramount Group/Kazakhstan joint venture KPE is today, according to Paramount, one of the largest and most modern armoured vehicle production facilities in the world.

“The factory was originally established to serve the needs of Kazakhstan and surrounding countries. The facility has excelled in both quality and efficiency.”

Founder and executive chairman of Paramount Group, Ivor Ichikowitz, said: “We have for some time looked to further invest in KPE capacities, building on the successes of manufacturing in-country and its graduation to global supply chain provider of land solutions developing new technologies and playing our role in the Kazakh nation's continued industrialisation and development"

Aibek Baryssov, head of the Supervisory Board of KPE said: "It remains the privilege of KPE to collaborate with Paramount Group, an important player in the global defence and security industry. I'm proud of the exemplary work we have accomplished in building the KPE brand and hope our success story drives further, cross-sectoral investment opportunities in Kazakhstan. We are also proud of the high quality standards and productivity demanded by Paramount to be part of its global supply chain".


 

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