Astana Motors and Youngsan Glonet sign $4.7 mln muffler localization deal in Seoul

September 15, 2026 at 01:26 PM2 min

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Astana Motors and South Korea's Youngsan Glonet Corporation signed an agreement in Seoul to localize production of automotive mufflers and seat covers in Kazakhstan. The $4.7 million project will be located at Almaty Autoparts Production in the Astana Motors Technopark, with seat cover production starting in Q4 2026 and muffler production in Q1 2027. The signing took place during President Kassym-Jomart Tokayev's visit to South Korea.

Key Facts

The agreement was signed in Seoul during President Kassym-Jomart Tokayev's visit to South Korea.
Investment in the project will total $4.7 million (2.1 billion tenge).
Production capacity will reach 70,000 sets of products per year.
Serial production of seat covers is planned to begin in Q4 2026.
Muffler production is scheduled to launch in Q1 2027.

The Agreement

Astana Motors and South Korea's Youngsan Glonet Corporation signed an agreement to localize production of automotive mufflers and seat covers in Kazakhstan. The ceremony took place in Seoul during President Kassym-Jomart Tokayev's visit to the Republic of Korea. The document was signed by Astana Motors CEO Beknur Nesipbayev and Youngsan Glonet Corporation CEO Chan Beom Jung. Investment in the project will total $4.7 million (2.1 billion tenge).

Production Plans

Production will be located at the existing Almaty Autoparts Production facility in the Astana Motors Technopark in the Almaty Industrial Zone. Production capacity will reach 70,000 sets of products per year. Serial production of seat covers is planned to begin in Q4 2026, deepening the car seat production already underway at Almaty Autoparts Production since 2025. Muffler production is scheduled to launch in Q1 2027, with initial supplies for Hyundai Tucson production at the Hyundai Trans Kazakhstan plant. From 2028, the company plans to master production of components for Chery, Changan, and GWM vehicles manufactured at Astana Motors Manufacturing Kazakhstan.

Technology Transfer

The project provides for the transfer of technologies, production standards, and competencies necessary to organize component production in Kazakhstan. The new production will expand the range of Kazakhstani-made automotive components. Finished products will be available to Hyundai Trans Kazakhstan, Astana Motors Manufacturing Kazakhstan, and other automotive enterprises in the country. Youngsan Glonet Corporation specializes in CKD projects and localization of automotive components, founded in 2004 and cooperating with Hyundai Motor Group enterprises.