On October 20, 2020, a solemn signing of a tripartite consortium agreement for the production, sale, modernization and replacement of elevator equipment took place at PZTM JSC. In addition to PZTM, the parties to the document are LGS ELEVATOR KOREA CO, LTD and Kazakhstan Elevator Company Kazlift LLP.

As part of this agreement, PZTM initially assembles elevator equipment at its production facilities with subsequent localization of production.

LGS Elevator Korea, a company with 30 years of experience in the production of lifting equipment, will provide elevator technology transfer and engineering support.

Kazakhstan Elevator Company Kazlift LLP as the Project Operator will provide administrative and management functions, sales markets and interaction with customers.

The implementation of this project will allow PZTM JSC to develop its production potential, expand the scope of use of equipment purchased as part of the project for technological modernization of the enterprise, and also increase the share of export supplies in the total volume of product output.

Press service of JSC "PZTM"