Offtake contracts: an important tool for ensuring production stability

26-11-2024

Офтейк-контракты: важный инструмент для обеспечения стабильности производства

One of the most effective ways to support domestic manufacturers has become the development of off-take contracts. These long-term agreements between manufacturers and buyers guarantee the order of goods for a certain period and contribute to the stability of supplies.

The KTZ Group of Companies is constantly working to support domestic manufacturers. In 2024, 1637 contracts were concluded with domestic manufacturers, including 15 off-take contracts for a total of 14 billion tenge. Since 2019, 67 off-take contracts have already been signed for a total of over 144 billion tenge.

This year Kazcentrelectroprovod signed a long-term off-take contract with KTZ, the cost of which amounted to 1.2 billion tenge. The contract provides for the production of high-quality power supply devices for railway infrastructure.

"As part of the strategic development and support of the state import substitution program, we study the needs of subsidiaries of Samruk-Kazyna JSC and the experience of domestic companies working under off-take contracts. Off-take contracts are beneficial to both parties: the customer receives a reliable supplier of high-quality products, and the manufacturer, in turn, receives a stable order, which allows it to plan long-term production. Such a mechanism also contributes to the growth of the national economy, the development of production capacities with a high share of local content and the improvement of the professional level of employees. The company expresses gratitude to Samruk-Kazyna JSC and NC Kazakhstan Temir Zholy JSC for their trust and support. By joint efforts, it is possible to further develop and strengthen the economy of our country," says Sergey Kim, General Director of Kazcentrelectroprovod LLP.

Kazcentrelectroprovod notes that the process of concluding off-take contracts in Kazakhstan has become as transparent as possible. This opens up new opportunities for domestic manufacturers to master new types of products. Kazcentrelectroprovod has been successfully operating in the domestic mechanical engineering market for over 30 years. Over the years, the company has established itself as one of the largest manufacturers in its industry. The company's products are in demand not only in Kazakhstan, but also abroad, and are used in a variety of areas of life.

Every day, millions of people use solutions developed and manufactured by Kazcentrelectroprovod. Whether it is a stable connection via fiber optic cables, money transfers or transportation of goods by rail - the company plays a key role in these and many other areas.

Fiber optic cable manufactured by the company ensures reliable data transmission, connecting regions and countries.
 

Press service of JSC «NC«Kazakhstan Temir Zholy»