Almaty, Kazakhstan - October 21, 2025 - TauKen Group Ltd, a leading Kazakh mining and infrastructure services firm, has signed a landmark five-year, $600 million procurement agreement with China’s Sany Group Co., Ltd, the world’s third-largest heavy-equipment manufacturer (SSE: 600031). The deal marks one of Central Asia’s largest privately structured industrial-finance programs to date.
The agreement was formalised today at Sany’s Central Asia headquarters in Almaty. Under the partnership, TauKen will acquire next-generation engineering and construction machinery to support over $2 billion in active and secured long-term contracts spanning rail, road, and mining projects. The first $50 million tranche of equipment is earmarked for delivery between Q4 2025 and Q1 2026 via Sany Central Asia Co., Ltd, the company’s regional subsidiary.
This procurement framework will be backed by export-credit insurance from Sinosure and Ping An Insurance Group, establishing Kazakhstan’s first large-scale, export-credit insured facility for a private industrial player. Crucially, the structure enables TauKen to access long-term, low-cost capital without sovereign guarantees; setting a precedent for future private-sector infrastructure financing across the region.
TauKen’s evolution from a traditional mining-services operator to a vertically integrated infrastructure enterprise reflects Kazakhstan’s broader economic trajectory. With national investment accelerating in logistics corridors, rail modernization, and mineral development, the country’s GDP is forecast to exceed $320 billion in 2025, with debt-to-GDP below 24%. The World Bank projects annual growth of at least 5% year-on-year, reinforcing Kazakhstan’s investment-grade status.
“This partnership is a first for Sany combining export-credit support with a bankable Kazakh enterprise of this scale”, said Yerdos Nurlan, CEO of Sany Central Asia. “TauKen is now positioned to deploy worldclass machinery with international financial discipline, signalling a new chapter for private-sector growth in the region”.
TauKen currently employs over 1,000 engineers, technicians, and operators, and manages a fleet of more than 250 heavy engineering units. It ranks as Kazakhstan’s third-largest provider of rock-moving and blasting services, serving tier-one clients such as Shubarkol, RG Gold, KazMinerals, ERG (Energy Resources Group), Kazakhmys, and national rail operator Kazakhstan Temir Zholy (KTZ).
The company’s transformation has been spearheaded by majority shareholder Gliese Capital LLC, an Almaty based private investment firm with representative offices in London and Dubai, focused on natural- resource and infrastructure ventures in emerging markets. Over the past three years, TauKen has undergone a comprehensive restructuring, introducing independent audits by Ernst & Young (EY) for fiscal years 2022–2024 and implementing new environmental and safety governance frameworks to meet international bankability standards. A corporate rating from Moody’s Investors Service is in its initial stages, and the company expects to achieve its capital markets rating in Q4 2025/Q1 2026, paving the way for TauKen’s first bond issuance by late 2027 and a roadmap to a potential listing on the London Stock Exchange (LSE), Kazakhstan Stock Exchange (KASE) and Astana International Exchange (AIX) by Q4 of 2030.
“With Gliese Capital’s support, we’ve transitioned from organic growth to scalable expansion” said Abay Adil, CEO of TauKen Group. “This program will triple our fleet capacity and reinforce our role as Kazakhstan’s preferred partner for integrated civil and mining infrastructure”.
Nasipbay Akhmetov, TauKen’s founder and board member, added: “Kazakhstan’s industrial base is entering a new era - privately led, export-financed, and globally bankable. Our target is $500 million in annual net revenue within three years, laying the groundwork for a public offering that reflects our operational strength”.
TauKen is planning discussions with Sweden’s EKN to finance complementary procurement from Volvo Construction Equipment. Further engagements are also planned with Japan’s JBIC and NEXI to structure parallel arrangements with Komatsu and Hitachi. These moves reflect a multinational sourcing strategy aimed at diversifying supply risk, balancing East-West capital flows, and bolstering Kazakhstan’s industrial resilience amid global logistics pressures.
Founded in 2001, TauKen Group delivers end-to-end services across mining, infrastructure, and civil construction. It is majority-owned by Gliese Capital LLC (www.gliesecap.com).
Website: www.taukengroup.com
Media Contact: media@taukengroup.com
