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NYK Participates in Japan-Kazakhstan Business Forum

On October 27, NYK Auto Logistics (Kazakhstan) LLP (NALK), an NYK Group company, attended the Japan-Kazakhstan Business Forum* held in Astana, the capital of the Republic of Kazakhstan. The forum took place during Japan prime minister Shinzo Abe???s formal visit to several countries in central Asia.

NALK, a wholly owned subsidiary of NYK, is a logistics company for finished cars that runs an inland finished-car terminal featuring a railroad sidetrack. The terminal is located in southeastern Kazakhstan in the oblast of Almaty.

At the forum, 16 companies having ties to Japan, including NALK, exhibited display panels showcasing business activities. This was an opportunity for NALK to explain its Kazakh business developments ??? including an inland finished-car terminal to be launched in Astana next year ??? to Prime Minister Abe and Kazakh president Nursultan Nazarbayev. NALK also informed the two leaders of its plans for infrastructural improvements for logistics in Kazakhstan, a major issue that Kazakhstan is now facing.

In addition, NALK exchanged a memorandum of understanding with KAZNEX INVEST,** the national export and investment agency of the Kazakhstan government. The memorandum includes a statement from the agency indicating that it will support NALK???s activities on a continuing basis.

The NYK Group will continue to take advantage of the creative solutions initiated in the company???s "More Than Shipping 2018" medium-term management plan to provide the highest-quality finished-car services to our customers.

Outline of NYK Auto Logistics (Kazakhstan) LLP

* Japan-Kazakhstan Business Forum

A business forum co-organized by the Japan External Trade Organization (JETRO), the Kazakhstan-Japan Business Council, the Investment Committee of the Kazakhstan Ministry of Investment and Development, and KAZNEX INVEST.

**KAZNEX INVEST

A national export and investment agency under Kazakhstan???s Ministry of Investment and Development. The agency promotes diversification of the nation???s economy by creating the most favorable conditions possible for development and promotion of Kazakhstan???s processed exports, and by attracting direct foreign investment in priority sectors of Kazakhstan???s economy.

KAZNEX INVEST???s principal action policy: support for export expansion of enterprises, promotion of export of national products, attracting foreign investment, analysis and survey