KT&G announced building a new factory in Kazakhstan to meet global demand for its overseas business. In October 2023, KT&G held a groundbreaking ceremony for the new plant in Almaty, Kazakhstan, and began building a "hybrid production base" for overseas sales on a site of about 200,000 square meters. When the plant is completed in 2025, Kazakhstan will become a production hub for supplying products to Europe, the CIS, and the rest of Eurasia.
Earlier, in early 2023, KT&G established a sales and manufacturing subsidiary in Kazakhstan to grow its business in Eurasia and has been focusing on establishing a local business foundation. Currently, the company employs more than 150 locally recruited employees, and the completion of the plant is expected to create additional local employment as it establishes a complete local value chain from production to marketing and sales. The establishment of KT&G's new factory in Kazakhstan is part of a growth investment aimed at achieving the company's vision of becoming a 'Global Top-tier' player.
KT&G has announced its goal to increase the proportion of sales from overseas business to more than 50% of its total revenue by 2027 through future growth investments, and to become a global top tier company by strengthening its intrinsic competitiveness centered on overseas business.