# Alageum Electric to build transformer plant in Shymkent, Kazakhstan

Alageum Electric, through its subsidiary Asia Trafo, will build a new transformer factory in Shymkent, Kazakhstan, costing 17.9 billion KZT. The project is financed by the Development Bank of Kazakhstan and BRK-Leasing, and will create up to 220 jobs. Construction is to be completed in Q3 2018.

- Type: New facility
- Announced: 2017-12-13
- Where: Shymkent, Kazakhstan
- Value: $53.0M (17.9B KZT)
- Jobs: 220
- Starts operating: Q3 2018
- Status: announced
- Capacity: over 100 transformers per year
- Products: high-power transformers
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Alageum Electric](https://endata.com/companies/22004.md)
- [Asia Trafo](https://endata.com/companies/28795.md) (investor)
- [Development Bank of Kazakhstan](https://endata.com/companies/28796.md) (investor)
- [BRK-Leasing](https://endata.com/companies/28797.md) (investor)

## Sources

- [lsm.kz](https://lsm.kz/brk-profinansiroval-stroitel-stvo-transformatornogo-zavoda), 2017-12-13: "Строительство нового завода позволит расширить мощности Alageum Electric по производству высокомощных трансформаторов"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.