The production of Hyundai trucks will be set up in Uzbekistan’s free economic zone “Kokand”. The project is worth at least $130 million. The initiative of the new production was set by the Korean companies Evergreen Motors and Posco Daewoo. The production of Hyundai trucks was previously discussed during the visit of the President Shavkat…
BelAZ, the managing company of BelAZ holding company, increased its exports by 80% YoY in Q1, the company reported. In January-March the company exported about 96% of its products. The company sold to 24 countries. Russia, Uzbekistan and Kazakhstan made up the top three customers of the Belarusian factory. BelAZ increased supplies to Russia by…
The Ganja Automobile Plant has produced 10,000th Belarus tractor, the plant reported. Belarusian Deputy Prime Minister Vladimir Semashko, Azerbaijani Deputy Prime Minister Yaqub Eyyubov, Ambassador of Belarus to Azerbaijan Gennady Akhramovich, Director General of the Minsk Tractor Plant Fyodor Domotenko, Director General of the Minsk Automobile Plant Dmitry Katerinich, Head of the Ganja Executive Power…
Belarus and Georgia are opening a facility to assemble lifts in Tbilisi, Ambassador of Belarus to Georgia Mikhail Myatlikov said. “The project to set up the assembly production of lifts in Georgia is getting off the ground. About 25,000 lifts need to be modernized in Georgia. Of them at least 50% are of Belarusian make…
The management of the BelGee factory is intent on enabling conditions for the future development of the enterprise, Belarusian First Deputy Industry Minister Gennady Svidersky said, who is the acting director general of the enterprise now. The executive said: “Making cars, which can compete on the global market, is the key task for us. If…
Antonov State Enterprise (Kyiv) saw an 85.43% rise in net profit in 2017 under Ukrainian accounting standards, to UAH 330.22 million. According to a financial report for 2017 posted on the company’s website, net revenue grew by 66.4%, to UAH 6.052 billion. Antonov is the leading Ukrainian developer and manufacturer of aircraft, a recognized world…
BelAZ, the managing company of BelAZ holding company, intends to start selling dump trucks to Mexico in 2018. “BelAZ is working hard to set up and develop a distributor and service network in Mexico. BelAZ Director General Piotr Parkhomchik paid a visit to this country on Match 11-13. He had a number of successful negotiations…