Business news

MINSK, 29 September (BelTA) – Belarus and China plan to launch the production of tower cranes at Mogilev Strommashina Plant, Belarus’ Industry Minister Vitaly Vovk said in an interview to the ONT TV channel, BelTA has learned.

“We plan to start the production of tower cranes at Strommashina together with Chinese partners. As for Gomselmash, we also plan to share competencies, setting up assembly plants both in Belarus and China. We are mulling over the same in what concerns the production of tractors,” the minister noted as he commented on the agreements that were signed during Belarus President Alexander Lukashenko’s visit to China.

For example, the Belarusian automobile engineering company BelAZ and China Sanjiang Space Group signed a memorandum of understanding on 29 September. The roadmap for long-term cooperation was inked by the Industry Ministry of Belarus and China’s Zoomlion. The Industry Ministry of Belarus also concluded a memorandum of cooperation with Weichai Power Co., Ltd to organize the production of diesel engines in Belarus.

The Chinese side emphasized good cooperation prospects and expressed readiness to invest in Belarus. Among the priority partners considered for further cooperation are MAZ, MTZ, Gomselmash, and Strommashina. The parties are also considering the possibility of setting up a joint engineering center.