{"id":413232,"date":"2021-01-12T09:33:38","date_gmt":"2021-01-12T14:33:38","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=413232"},"modified":"2021-01-12T09:33:38","modified_gmt":"2021-01-12T14:33:38","slug":"valley-irrigation-and-kusto-group-form-joint-venture-to-establish-sustainable-agriculture-in-central-asia-through-agreement-with-government-of-kazakhstan","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/valley-irrigation-and-kusto-group-form-joint-venture-to-establish-sustainable-agriculture-in-central-asia-through-agreement-with-government-of-kazakhstan\/","title":{"rendered":"Valley\u00ae Irrigation and Kusto Group\u00ae Form Joint Venture to Establish Sustainable Agriculture in Central Asia through Agreement with Government of Kazakhstan"},"content":{"rendered":"

<\/p>\n

Valley\u00ae<\/sub> Irrigation and Kusto Group<\/b>\u00ae<\/sup> Form Joint Venture to Establish Sustainable Agriculture in Central Asia through Agreement with Government of Kazakhstan<\/b><\/p>\n

OMAHA, Neb. & NUR-SULTAN, Kazakhstan–(BUSINESS WIRE<\/a>)–Valley\u00ae<\/sub> Irrigation<\/a>, a Valmont\u00ae<\/sup> (NYSE: VMI) company, is advancing its collaboration with the Republic of Kazakhstan and announcing its joint venture with private holding company Kusto Group<\/a>\u00ae<\/sup>. The strategic, multi-year project will improve sustainability and resource conservation, introduce advanced farm technology to local farmers in the region, and serve as the foundation for making the country an agricultural hub in Central Asia.\n<\/p>\n

Josh Dixon, Vice President & General Manager, International Irrigation for Valley, says: <\/b><\/p>\n

\n\u201cKazakhstan has tremendous potential to be an agricultural leader in Central Asia. The government of Kazakhstan is looking to Valley to support implementation of precision agriculture best practices and cutting-edge farming technologies that are sustainable and that produce better yields while using fewer resources.\u201d\n<\/p>\n

\n\u201cIn 2018, 67% of the nation\u2019s total water consumption was for irrigation,\u201d Dixon continues. \u201cCenter pivots from Valley are up to 60% more efficient than other irrigation methods predominantly used in the region. When center pivots are combined with precision irrigation technology, input costs are reduced and crop yields are increased.\u201d\n<\/p>\n

Poised to Increase Productivity with Efficient Irrigation Technology<\/b><\/p>\n

\nKazakhstan is the ninth-largest country in the world by land mass \u2013 the world\u2019s largest landlocked country \u2013 with a population of 18 million. Kazakhstan possesses many natural resources and seeks to tap into its huge agricultural potential.\n<\/p>\n

\nAgriculture is already an important economic sector in Kazakhstan, but there is room for further growth through improved efficiency. 81% of Kazakhstan is cultivated land, and 80% of Kazakhstan is predominantly arid steppe or desert.1<\/sup><\/a>Those statistics, along with the country\u2019s underutilized water channels and hydroelectric system, highlight the importance of precision irrigation in the region.\n<\/p>\n

Kusto Group Chairman Yerkin Tatishev says:<\/b><\/p>\n

\n\u201cThis partnership will enable Kazakhstan to unlock its enormous agricultural potential. Valley brings 75 years of experience that will help our growers create sustainable incomes, create new jobs, and fulfill the goal of helping Kazakhstan become a food provider to the world.\u201d\n<\/p>\n

\nThe newly created JV, which is registered within the Astana International Financial Centre<\/a>, signed firm contracts committing to the construction of a plant in Kazakhstan for the manufacture of Valley pivots and a volume guarantee from the government of 4,000 machines. The plant\u2019s annual production capacity will be at least 1,000 pivot irrigation machines.\n<\/p>\n

Transforming the Region through Sustainable Agriculture<\/b><\/p>\n

\nThe agreement will create a network of farms designed to demonstrate advanced irrigation technologies<\/a> and train local farmers in responsible water management. Valley solutions manufactured in Kazakhstan will serve the domestic market and act as a hub for exports to the region.\n<\/p>\n

\n\u201cAt Valmont, we are committed to conserving resources and improving life. It is our purpose as a company, and determines how we go about the business of feeding and clothing the world,\u201d added Dixon. \u201cThis collaboration is an honor to participate in, as it is economically beneficial for all parties involved and will bring food security and economic diversification to Central Asia\u2019s agricultural sector.\u201d\n<\/p>\n

Askar Mamin, Prime Minister of Kazakhstan, says: <\/b><\/p>\n

\n\u201cThe US capital and technology are strongly represented in Kazakhstan, and today I am pleased to announce that Valmont joins the long list of top US companies successfully operating in Kazakhstan. The UN Food and Agriculture Organization recognized Kazakhstan as one of the 5 most perspective agriculture producers globally, and potentially a top player in ensuring regional and international food security in the coming years. Given the major increases in the importance of the issue of food security in the context of the ongoing and potential future pandemics, it is instrumental that we speed up our efforts in realizing this potential. This is why we so deeply value the role Valmont Industries is willing to play in this process by bringing their production capacity, human capital, and best practices here.\u201d\n<\/p>\n

About Valley Irrigation<\/b><\/p>\n

\nValley Irrigation founded the center pivot irrigation industry in 1954, and our brand is the worldwide leader in sales, service, quality and innovation. With historical sales of more than 250,000 center pivots and linears and more than 105,000 connected devices, Valmont-built equipment annually irrigates approximately 25 million acres (10 million hectares) around the world. We remain dedicated to providing innovative, precision irrigation solutions now and into the future. For more information, please visit www.valleyirrigation.com<\/a><\/p>\n

About Kusto Group<\/b><\/p>\n

\nKusto Group Pte. Ltd. (www.kustogroup.com<\/a>) is a diversified international holding company, headquartered in Singapore with roots in Kazakhstan. Today, Kusto is successfully operating in the agricultural, oil and gas, mining, construction, real estate development, and construction materials sectors in more than 10 countries across four continents. The success of Kusto is the result of a strong corporate culture that values courage, collaboration, partnering with local champions and a focus on sustainable and ethical development.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210112005706\/en\/<\/a><\/span><\/p>\n

\nAndrew Oerman, Valley Irrigation
\n
+1 (402) 315-7213
\n
Andrew.Oerman@valmont.com<\/a><\/p>\n

KEYWORDS:<\/b> Nebraska Kazakhstan United States North America Asia Pacific<\/p>\n

INDUSTRY KEYWORDS:<\/b> Electronic Design Automation Engineering Data Management Public Policy\/Government Environment Technology Other Retail Manufacturing Mobile\/Wireless Specialty Retail Satellite Photography Other Policy Issues Other Technology Other Government Agriculture Natural Resources Software Internet Steel Hardware<\/p>\n

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Valley\u00ae Irrigation and Kusto Group\u00ae Form Joint Venture to Establish Sustainable Agriculture in Central Asia through Agreement with Government of Kazakhstan OMAHA, Neb. & NUR-SULTAN, Kazakhstan–(BUSINESS WIRE)–Valley\u00ae Irrigation, a Valmont\u00ae (NYSE: VMI) company, is advancing its collaboration with the Republic of Kazakhstan and announcing its joint venture with private holding company Kusto Group\u00ae. The strategic, multi-year project will improve sustainability and resource conservation, introduce advanced farm technology to local farmers in the region, and serve as the foundation for making the country an agricultural hub in Central Asia. Josh Dixon, Vice President & General Manager, International Irrigation for Valley, says: \u201cKazakhstan has tremendous potential to be an agricultural leader in Central Asia. The government of Kazakhstan is looking to Valley … <\/p>\n

Continue reading “Valley\u00ae Irrigation and Kusto Group\u00ae Form Joint Venture to Establish Sustainable Agriculture in Central Asia through Agreement with Government of Kazakhstan”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-413232","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nValley\u00ae Irrigation and Kusto Group\u00ae Form Joint Venture to Establish Sustainable Agriculture in Central Asia through Agreement with Government of Kazakhstan - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/valley-irrigation-and-kusto-group-form-joint-venture-to-establish-sustainable-agriculture-in-central-asia-through-agreement-with-government-of-kazakhstan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Valley\u00ae Irrigation and Kusto Group\u00ae Form Joint Venture to Establish Sustainable Agriculture in Central Asia through Agreement with Government of Kazakhstan - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Valley\u00ae Irrigation and Kusto Group\u00ae Form Joint Venture to Establish Sustainable Agriculture in Central Asia through Agreement with Government of Kazakhstan OMAHA, Neb. & NUR-SULTAN, Kazakhstan–(BUSINESS WIRE)–Valley\u00ae Irrigation, a Valmont\u00ae (NYSE: VMI) company, is advancing its collaboration with the Republic of Kazakhstan and announcing its joint venture with private holding company Kusto Group\u00ae. 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The strategic, multi-year project will improve sustainability and resource conservation, introduce advanced farm technology to local farmers in the region, and serve as the foundation for making the country an agricultural hub in Central Asia. Josh Dixon, Vice President & General Manager, International Irrigation for Valley, says: \u201cKazakhstan has tremendous potential to be an agricultural leader in Central Asia. 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