30 Nov 2023 12:37

Kazatomprom, Siemens forge strategic partnership for digitalization and automation

ASTANA. Nov 30 (Interfax) - Kazatomprom and its subsidiary, KAP Technology LLP, have entered into a strategic cooperation agreement with Siemens LLP to further enhance digitalization and automation initiatives within the national company's subsidiaries.

"This strategic partnership involves joint pilot projects focused on implementing advanced technologies in uranium mining operations and the creation of training programs designed to train highly skilled personnel for the effective execution of innovative initiatives," Kazatomprom's press service said.

The collaboration aims to substantially enhance the automation and digitalization of operations, "solidifying Kazatomprom's position as a leader in the uranium mining sector and providing a competitive edge in the global market."

"Kazatomprom is actively engaged in the development and implementation of innovative projects in digitalization and production automation. Our partner's advanced technologies, equipment, and software solutions have already made a notable impact on optimizing production processes and elevating product quality. I am confident that our continued collaboration with Siemens will benefit the overall digital ecosystem of the nuclear holding," Mukhit Magazhanov, Kazatomprom's Chief Procurement and General Affairs Officer, said.

Siemens has been an official partner of LLP KAP Technology since 2019, providing technological equipment, as well as consulting, engineering, and services in the field of industrial automation. This partnership served as the foundation for expanding cooperation with the nuclear holding.

Kazatomprom serves as Kazakhstan's national operator for the export of uranium and its compounds, as well as rare metals, nuclear fuel for nuclear power plants, and special equipment. The company's shares and GDRs trade on the London Stock Exchange (LSE) and the Astana International Financial Center (AIX) exchange.