A new aircraft-manufacturing plant has been opened on the territory of Tbilisi Aircraft Manufacturing, where aircraft owned by the Defense Forces of Georgia will be fully restored and repaired by Georgian specialists in accordance with modern standards, the Ministry of Defense reports. Spread over 3,000-square meter territory the new plant was opened by the Defense…
PM Askar Mamin gave a start to Hyundai automobile manufacturing in Almaty, the PM’s press service informed. Minister of Trade, Industry and Energy of South Korea Sung Yun-mo, Kazakh Industry and Infrastructure Minister Beibut Atamkulov, presidents of Hyundai Motor Company Motor Lee Won-hee and Astana Group Nurlan Smagulov took part in the opening ceremony held…
In the first half-year, total tractor and combine harvester production doubled compared to the same period last year. When many factories are struggling to operate at a high capacity due to coronavirus, factories producing tractors and combine harvesters are bucking the trend. In January-June, factories operating within the Association of Kazakhstan Automobile Business produced a…
At a Government meeting the Minister of Industry and Infrastructure Development Beibut Atamkulov spoke about expanding production in engineering. According to him, domestic manufacturers plan to expand production, export as well as master the production of spare parts and components. In May last year, Agromashhoding KZ JSC together with the largest Chinese corporation launched the…
Uzbek company UzAuto Motors starts selling its cars under Chevrolet brand in Belarus. The first models under the Chevrolet brand, which were presented on the automobile market of the Belarus, were Spark, Nexia and Cobalt. “The first batch of cars was delivered to the auto center Multimotors, the official dealer of premium cars brand Chevrolet,…
JSC Bogdan Motors automobile company, combining the production assets of Bogdan Corporation, in January-March received a net loss of UAH 610.3 million, while in the first quarter of 2019 its net profit was UAH 161.61 million. According to the interim report of the company, its net income for this period decreased by 39%, to UAH…
Exports of Ukraine-made agricultural machinery in 2019 shrank by almost 10% YoY, say experts with the National Scientific Center “Institute of Agrarian Economics”. “Ukraine’s export opportunities with regard to the main types of agricultural equipment are traditionally significantly lower than import ones. However, supplies from foreign countries in 2019 declined critically, that is, by 9.4%,…