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MTZ preparing new investment project worth $1.2bn

Minsk Tractor Works has started working on a new investment project estimated at $1.2 billion, First Deputy Prime Minister Vladimir Semashko told an annual meeting of the Confederation of Manufacturers and Entrepreneurs on 8 July.

MTZ is now completing a technical upgrade project worth $680 million. Due to this project the company expanded its lineup of tractors up to 70 models. The enterprise manufactures tractors having a capacity of 320 horse power; there are samples of 420 horse power machines and track-type tractors. According to Vladimir Semashko, such a strong company should emerge even stronger after the crisis is over. 

He also informed about a project to produce MAZ buses. The production facilities might be located near Minsk . 

Despite the crisis industrial enterprises do not suspend the current investment projects and are thinking of new ones. Seven assembly productions are to be set up abroad. 

At present Belarusian companies are exploring new markets and seeking to preserve the existing market in , Vladimir Semashko underlined.

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