Famous defense plant up for sale in Petropavlovsk: what is happening to it
100% of the shares of the Kirov Plant are being auctioned. The starting price is 9.1 billion tenge (approximately $20.4 million), while the company's creditor debt is almost three times higher.
The seller is the state-owned company Kazakhstan Engineering, which owns the plant. As Tengrinews reports, citing documents for the lot on the e-Qazyna portal, military orders account for about 79% of the enterprise's revenue. The plant also produces equipment for the oil and gas industry and railways, as well as control and measuring instruments.
As of October 27, the plant's creditor debt amounted to 24.38 billion tenge (approximately $54.5 million). Over 22 billion tenge (approximately $49 million) of this sum was for received advances. Debtor debt reached 13.2 billion tenge (approximately $29.5 million), primarily due to advances issued by the plant itself.
In the first half of 2026, the enterprise generated 659 million tenge in revenue (approximately $1.47 million) and recorded a net loss of 618 million tenge (approximately $1.38 million). The plant's financial report attributes the weak results of the first half to the schedule of defense orders. Major deliveries, acceptance, and payments for them typically occur in November and December.
The enterprise began operations in 1928 as a radio assembly workshop in Moscow. In 1941, it was evacuated to northern Kazakhstan.
