2018-12-06 15:51:00

Yerkin Tatishev and the Kusto Group invest in cutting edge technology to develop agriculture in Kazakhstan

Kazakhstan is on track to become a leader in the use of modern agricultural technologies thanks to local pioneer and investor, Yerkin Tatishev and the Kusto Group. Tatishev is realizing his lifelong dream of bringing his country into the 21stcentury using cutting edge technologies and international know-how. With wide experience in the manufacturing and mining industries, Tatishev, together with the Kusto Group, has turned its energies to agriculture. The outlook for the beef and dairy industries in Kazakhstan and neighboring Ukraine has never looked better. The group has recently launched a new initiative, known as Kazseed, to develop high quality seeds specifically for the local market.

2018-11-16 15:49:00

$25M to be invested in development of Kazakhstan’s seed industry

ASTANA. KAZINFORM - Baumgartner Agriculture Science and Service (BASS) of the United States of America and Kusto Group of Kazakhstan are creating in Kazakhstan a joint venture producing fodder seeds with the use of advanced technologies, Kazinform cites the press service of the Kazakh Ministry of Agriculture.

CEO of Kusto Group Yerkin Tatishev and head of BASS Edward Baumgartner signed the Memorandum of Intent on the establishment of KAZSEED enterprise.

In the first year, the investment will reach about $25 million with a further increase.

The joint venture is to provide Kazakhstan's farmers with high-quality seeds adapted to the country's climate. Besides, over time the company intends to come into the CIS market.

Deputy Prime Minister - Minister of Agriculture of the Republic of Kazakhstan Umirzak Shukeyev pointed out that establishing such advanced enterprises is instrumental in achieving the goals set by the Head of State as to increasing labor productivity and export of processed agricultural products by 2.5 times.

The production of high-quality seeds will directly affect crop yield and be a basis for the growth of the country's forage production.

The Chairman of the Management Board of Directors at Kusto Group, Yerkin Tatishev, underlined that the emergence of such a specialized seed production company is a very important step for the development of the country's crop production.

The American investors highlighted the upward trends in the development of the agricultural sector in Kazakhstan, and the Government's measures to support the agricultural sector.

2018-11-19 15:47:00

Kusto Group extends its reach into the seed market

I was delighted last week to introduce KAZSEED to the world, as part of Kusto Group’s rapid expansion of our agriculture division. This latest development has been undertaken in partnership with our friends at Baumgartner Agriculture Science and Service (BASS). BASS is one of the leading non-GMO seed producers in the world and this is an especially exciting time for Kazakhstan. Our farmers will finally get access to world class seeds, specially selected for the climatic and environmental needs of Kazakhstan.

I am proud that foreign investors of this calibre are recognising the enormous potential of Kazakhstan’s farming industry and the fantastic opportunities on offer. I am particularly pleased that Kusto Group is at the forefront of this exciting new phase that will bring prosperity and opportunity to countless others.