Business news

BelAZ export up 30.3% in 2018

MINSK, 22 January (BelTA) – The Belarusian automobile engineering company BelAZ exported $990.8 million worth of products in 2018, up 30.3% over 2017, BelTA learned from the website of the company.

In 2018 the company ramped up production by 45.6% year-on-year. Last year the company hit its record by manufacturing 802 haul trucks with the carrying capacity of 90 tonnes and more.

In 2018 the company’s export structure changed insignificantly. Russia accounted for 58.4% of the company’s exports, while other CIS states for 27.5%. The exports to Russia rose by 26.4%, to other CIS states by 63.9%. As far as other sales markets are concerned, the biggest buyers were Indonesia, Bulgaria, Serbia and Estonia.

Based in Zhodino, Minsk Oblast, the public joint-stock company BelAZ is the world’s leading manufacturer of haul trucks with a large carrying capacity and an extremely large carrying capacity. The company also makes other kinds of heavy transport vehicles for the mining industry and the civil engineering industry.

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