Belorussian business portal, information about the enterprises of Belarus: classified ads, products and services.

User Login




Product name
Company name

Press releases

MZKT, Chinese Xiang Jiang setting up joint venture in Minsk

Minsk Wheel Tractor Plant (MZKT) and the Chinese space industry group of companies Xiang Jiang are setting up a joint venture in Minsk, it was learnt from the Business Relations Agency, which quoted MZKT information.

The foundation agreement of the limited liability company Volat Xiang Jiang was signed in Minsk on 2 September. With foreign direct investments the new enterprise will manufacture MZKT-designed hydromechanical transmissions.

The authorized fund of Volat Xiang Jiang totals $22.2 million, with the parties contributing 50% each.

The new enterprise will use design and technological solutions of Minsk Wheel Tractor Plant as well as premises.

Representatives of Minsk Wheel Tractor Plant said that foreign direct investments will be used to buy modern heavy-duty machine tools and equipment, including processing centers that will allow manufacturing advanced products.

The joint venture is the first step in developing the production of hydromechanical transmissions in Minsk. Later on there are plans to start assembling these products in China using the joint venture Xiang Jiang Volat that was founded by MZKT and Xiang Jiang in 1997.

Back to "All press releases" |   Print version
"Business-Inform" Ltd. All rights reserved. Using these sources you agree to our Terms and Conditions
Legal information

Каталог TUT.BY Rating All.BY Рейтинг АгроПоиск - аграрная поисковая система