Aselsan, a top military electronics company and Turkey’s largest defense firm, will build a plant costing $30 million in Kazakhstan to produce night vision systems used in armored vehicles and electro optical equipments.
Executives from Aselsan signed an agreement with Kazakhstan Engineering to start a joint venture named “Aselsan-Kazakhstan Engineering” in the capital city of Astana on Monday. Aselsan and Kazakhstan Engineering will be equal partners in the company and plant.
The new plant would meet defense industry needs of not only Kazakhstan but also all regional countries, said Turkish Deputy Undersecretary for Defense Industry İbrahim Tohumcu, who attended the signing ceremony in Astana.
The plant that will be jointly established is a first step for the two brother countries, said Cengiz Ergenaman, director general of Aselsan, speaking at the ceremony. “Aselsan may have some different investments in Kazakhstan.”
The plant will be fully operational in a year, Ergenaman said.