Business news

Belarusian MTZ to sell 260 tractors to Cuba

An archive photo

MINSK, 24 August (BelTA) – The Belarusian tractor manufacturer MTZ will ship 260 tractors to Cuba, BelTA learned from the MTZ’s Telegram channel.

Lolitta Snitko, Deputy Head of the Marketing Center for Europe, America, and Africa, said: “We’ve managed to build a direct interaction scheme and rule out the risk of the deal’s failure. A letter of credit has been received as part of one contract. The other [contracts] have been signed on terms of with 100% payments in advance. Some of the tractors will be made in August and some in September. If everything goes without faults, we intend to execute these contracts by the end of the next month.”

No MTZ tractors were sold to Cuba in 2020.

The Belarusian company MTZ (Minsk Tractor Works) is one of the world’s largest manufacturers of agricultural machines. Apart from the main factory the holding company MTZ comprises ten enterprises. More than 20 assembly enterprises have been established abroad. MTZ products are represented in over 60 countries.

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