OREANDA-NEWS. On April 18, 2008 Ordabasy Corporation JSC (Almaty) securities of which are traded in Kazakhstan stock exchange's (KASE) category "A" provided KASE with press release of the following content, reported the press-centre of KASE:

Ordabasy Corporation JSC  with Fund of sustainable development Kazina JSC, Ministry of industry and trade, authorities of Astana and Nokian Tyres launch new break-through project.

Fund of sustainable development Kazina JSC take active participation in project, support in searching of foreign partners, expert investigations, know-how technologies. FSD Kazina is the financial partner of project and will determine mutually beneficial structure of financeing and realize the project through development institutes participation.

Kazakhstan investment company Ordabasy Corporation JSC and Nokian Tyres company signed the contract about building of new company for car tyre production. New plant will be the joint venture, named Ordabasy - Nokian Tyres JSC. The share of Ordabasy Corporation JSC is 90%, the share of Nokian Tyres - 10% correspondingly.

Ordabasy - Nokian Tyres JSC will be the first company, found within economic diversification in accordance with Strategy of industrial innovational Kazakhstan development.

Nokian Tyres will introduce to joint venture know-how and experience, needed for tyre plant construction and tyre production. The plant will produce it's product under Nokian and Nordman for Nokian Tyres and also "Astana" tyres, which will be specially made by Nokian Tyres for joint venture. The plant production will be realized both in Kazakhstan and in 70 countries of the world.

The plant will be build in the capital of Kazakhstan Astana and start it realization in 2009. The authority of Astana and Ordabasy Corporation JSC signed memorandum, according to which Corporation in the form of natural grant will be given a lot in industrial zone of Astana with square of 54 G with supplying all necessary service lines. On the full realization of 4 m. cars the plant will come to 2012-2013.

The total volume of investments will make 160 m Euro, 40 m. of which will make share capital; the other part will come at the expense of external loans. Fund of sustainable development Kazina through bank of Kazakhstan development will participate in project financing, and Ministry of industry and trade will support in providing of tax investment preferences for project.

Managing company Ordabasy-PST within investment project "development of tyre sphere of Kazakhstan" plan to regulate primary components production. Thus, meeting are held with the number of international companies on the questions of technical carbon production, white soot, textile and metal cord; and in perspective synthetic caoutchouc, at the same time the volume of production will orient not only on needs cover, but also will be exported.

Ordabasy-PST develops in collaboration with company VIANOR and distributes net and opens the first in Central Asian region trade-exhibition center Astana Tyres-VIANOR.

Thus, Ordabasy Corporation admits its intention to develop in complex in Kazakhstan tyre sphere, including raw production and its realization both on home market and for export. Ordabasy Corporation invests in different spheres of economic and realizes new projects. Previous huge projects: Aktubinsk plant of oil equipment, Incomtyre JSC, Asia Ceramic LLP,Kazakhstan municipal systems JSC.

Ordabasy Corporation is the investment company, including daughter enterprisers, being busy in different spheres of economic. It was found in 1997 and registered as issuer on Kazakhstan Stock Exchange (KASE).

Fund of sustainable development Kazina, managing company, which is the only shareholder of Development Institute was found in April, 2006 for increasing of investments and innovation activity in non-primary sector of Kazakhstan economic with the aim diversification and economic competitiveness achieving. In 2007 total authorized capital of development institutes made \\$1,8 bn.on June 1, 2007.