Belarus’ Industry Ministry and China’s Weichai Power Co. Ltd have signed a memorandum, which says that the parties plan to set up a joint venture to produce up to 20,000 diesel engines a year. The project is supposed to have two stages, Belarus’ Industry Minister Vitaly Vovk reported. In 2016-2018 the parties will set up…
The Belarusian mechanical engineering company Amkodor has plans to launch three large contracts with the Chinese corporations CITIC Group and Sinomach by the end of 2016, Igor Kayuda, Director for Innovations and Investment Projects at Amkodor, said. “We hope to start working on the implementation of the contracts in late December”, Igor Kayuda said. He…
OAO Minsk Automobile Plant (MAZ, managing company at BelavtoMAZ Group) will supply 4,000 completely knocked down kits (CKD kits) for the needs of a Belarus-Vietnam joint venture to Vietnam on a duty-free basis till 2021. CKD kits will be supplied in the light of the protocol on joint production of motor vehicles on the territory…
The Belarusian national electrical company Belenergo and Siemens Company signed an agreement on strategic partnership and cooperation during the Belarusian Energy and Ecology Forum in Minsk on October 11. The document was signed by OOO Siemens Technologies Director General Maxim Zubov and Belenergo First Deputy Director General, Chief Engineer Alexander Sivak. Belenergo and Siemens intend…
The Belarusian mechanical engineering company Gomselmash has started testing its agricultural machines in Pakistan, Yuri Rafeyev, Director of Gomselmash’s Non-CIS Sales Department, reported. According to the source, Gomselmash is testing forage harvesters, which have already been shipped to Pakistan. Those are three mounted rotary mower conditioners Palesse SN15 and a trailed mower conditioner Palesse ST42.…
Belarus’ foreign trade surplus totaled $181.3 million in January-August compared to a $1.081 billion surplus in January-August 2015, the National Bank of Belarus said in an online report. The overall turnover of commodities and services in foreign trade shrank by 12.7% YoY to $38.138 billion. Exports of commodities and services reduced by 14.4% YoY to…
Belarus has signed a contract with Pakistan to supply 3,500 tractors worth more than $32 million in 2017, Minsk Tractor Plant (MTZ) said in a message posted on the manufacturer’s web site. MTZ hopes to sell at least 5,000 Belarus tractors in Pakistan annually. (Prime-TASS/Business World Magazine)