Nation's Industrialization at the Forefront of Global Supply Chain Provider's Planned Expansion into Land, Maritime and Aerial Solutions
JOHANNESBURG, Sept. 21, 2018 /PRNewswire/ -- In support of H.E. President Nazarbayev's commitment to further developing industrial capacity in Kazakhstan, African-based global defence and aerospace business Paramount Group, alongside its joint venture, Kazakhstan Paramount Engineering (KPE), proudly announces a collaboration in the expansion of KPE in to land, maritime and aerospace technology production lines.
The announcement, held during the Africa Aerospace and Defence Exhibition (AAD) of 2018, following an extensive tour of the Paramount Group facilities by KPE, marks the expansion of KPE manufacturing capacities, headquartered in one of the largest and most modern armoured vehicle production operations both in the region and around the world, into arenas such as Unmanned Aerial Vehicles (UAVs), Fourth Industrial Revolution-inspired aerial platforms and naval vehicle manufacturing. The rapid efficacy in production line expansion serves as an additional example of Paramount Group's portable manufacturing model in action, one that has transformed KPE in to a dynamic success story.
Founder and Executive Chairman of Paramount Group, Ivor Ichikowitz, stated: "For the last few years, our experience in Kazakhstan has been exceptional. Paramount Group has invested in many joint ventures around the world and today our partnership in Kazakhstan represents one of our most successful ventures to date. We have for some time looked forward to the opportunity to further invest in Kazakhstan Paramount Engineering capabilities, building on the tremendous successes of our armoured land vehicle manufacturing in-country and KPE's recent graduation to the role of global supply chain provider of land solutions. Announcing an expansion into our exciting new technologies and diverse manufacturing lines in land, sea and air solidifies Paramount Group and KPE's positioning to achieve the vision of H.E. President Nazarbayev in the establishment of Kazakhstan as a serious global player in the defence industry".
Aibek Baryssov, Head of the Supervisory Board of Kazakhstan Paramount Engineering (KPE), stated: "Seeing first-hand the exciting capabilities of Paramount Group here at AAD, it is truly the privilege of Kazakhstan Paramount Engineering (KPE) to further collaborate with the company and in doing so, expand upon our next-generation defence and security manufacturing offering in Kazakhstan, today already an important player in-country and within the global industry. The ability to meet demand with supply in providing land, maritime and aerial solutions drives our success story even further and we are proud to have achieved the high level of quality standards and productivity demanded by Paramount Group in order to both be part of its global supply chain and a proponent of our nation's own industrial development".
About Paramount Group
Paramount Group is Africa's largest privately-owned defence and aerospace business. It is a leader in defence and security innovation and is a trusted partner to sovereign governments around the world, providing ground-breaking products, services and consultancy, including support for peacekeeping missions. Please visit www.paramountgroup.com for more information and follow us on Twitter.
Kazakhstan Paramount Engineering (KPE) serves as a joint venture between Paramount Group and Kazakhstan.
SOURCE Paramount Group