OAO Mogilevliftmash elevator plant says it has invested Br6.3 million ($3.234 million) in production development in January-August, up by 7.9% YoY. The money spent on equipment purchases account for 83% of the total investment – Br5 million ($2.567 million): Mogilevliftmash purchased 8 units of equipment, including a paintshop for supersized parts (by Spain’s LAGOS S.A.),…
KTD Group, which imports and produces household appliances (Saturn, Kupava trademarks), seeks to open a new refrigerator plant in the first half of 2017 in Cherkasy, the press service of the Cherkasy Regional Administration reported. KTD Group President Oleksandr Hromyko gave this information at the Cherkasy Investment Forum held last week. “We do not see…
On September 23, BelAZ heavy-duty truck manufacturer launched its newly-built trimming and acceptance shop supplied by Italy’s IMEL S.p.a., a BelAZ representative reported. The total value of the project stands at $17.8 million. The 3,800-square-metre facility is intended for painting parts and aggregates of dump trucks with 30-450 ton cargo capacity. The Belarusian Automobile Plant…
The cost of credits at Belarusian banks is higher than the profit margin of the country’s mechanical engineering companies, Belarusian First Deputy Industry Minister Gennady Svidersky said. Speaking about the financial position of mechanical engineering companies, the deputy minister said it was rather complicated, as the cost of credit resource still remained higher than the…
The Belarus-China car assembly company BelGee JV (based in Borisov, Minsk region) plans to launch its own car factory in the first half of 2017, Belarusian First Deputy Industry Minister Gennady Svidersky reported. The construction of a factory by the Belarusian-Chinese car assembly company BelGee is in the final stage, the new premises are ready,…
Azerbaijani company AZDynamics will introduce the first hybrid engine unmanned aerial vehicle (UAV) with increased duration of autonomous flight. The hybrid drone will sport an internal combustion engine along with rechargeable batteries and an electric motor, making it possible to increase the duration of autonomous flight from 25 minutes to two hours. The drone will…
Belarus increased truck exports by 27.5% YoY in January-July to 2,258 units, Belstat said in a statistical report. In value terms, truck exports grew by 2%YoY to $311.726 million. The average export price of Belarusian-made trucks reduced by 20% YoY to $138,054 per unit. Truck exports to the CIS states grew by 18.3% to 1,897…