The owner and president of DCH Group Oleksandr Yaroslavsky, who holds a controlling stake in Kharkiv Tractor Plant, intends to buy 29% of shares in the plant belonging to Austrian investor Siegfried Wolf, DCH has said in a press release. “DCH Group of Oleksandr Yaroslavsky officially informs about the start of the process to acquire…
The Belarusian Industry Ministry and the Chinese company Zoomlion intend to implement a number of joint projects in the area of mechanical engineering. Belarusian Industry Minister Vitaly Vovk made the statement at a press conference on October 12, as he commented on results of the recent visit of the Belarusian delegation led by the Belarus…
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 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 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)