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…
The Belarusian mechanical engineering company Belkommunmash is working to sell electric buses to Tbilisi and Batumi, Deputy Chairman of the Minsk City Executive Committee Alexander Krepak reported. Belkommunmash and the Tbilisi mass transit system operating company are expected to sign an agreement of intent to sell electric buses to the capital of Georgia and the…
The Belarusian tractor manufacturer MTZ intends to sell more tractors to North America in the next few years. MTZ Director General Fyodor Domotenko made the relevant statement as he met with a delegation of dealers from Canada and the USA. MTZ started exploring North America in the 1970s. The company used to sell thousands of…
In February Ukrainian plants manufactured 721 motor vehicles, up almost 2-fold YoY, the Ukrainian Motor Vehicle Manufacturers Association, UkrAutoProm reported. The largest share of motor vehicle production was made up by cars, which totaled 606 unit (all manufactured by ZAO Eurocar: up by 134% YoY and by 26.5% MoM). Also, in February 35 trucks were…
The Belarusian tractor maker MTZ will increase the production of tractors designed for precision farming, MTZ CEO Fyodor Domotenko reported. According to the source, the share of innovative products in the output of the Belarusian tractor maker exceeds 20% and continues rising. The new tractor model Belarus 82.1 with an American precision farming system did…
MTZ’s export rose by 26% YoY, to $561 million in 2017, Yuri Pototurko, the acting deputy director general for marketing – marketing director of Minsk Tractor Works (MTZ trademark), said at an international conference of MTZ distribution network entities. MTZ significantly built up exports to a number of countries: Russia, Uzbekistan, Kazakhstan, Azerbaijan, Tajikistan, Kyrgyzstan,…