Business news

MOGILEV, 2 October (BelTA) – An agreement to launch direct supplies of agricultural machinery to Cuba was reached during a visit of a Cuban delegation to Bobruiskagromash on 27 September, BelTA learned from the company.

The delegation was led by Jose Suarez Leon, Director General of the Agricultural Engineering Office of the Cuban Agriculture Ministry. The visit was arranged with the support of the Cuban Embassy in Belarus with the view to expanding bilateral cooperation in farm engineering. Apart from the Agriculture Ministry officials, the delegation included top managers and specialists of the Cuban Agricultural Engineering Research Institute (IAgric).

The Cuban delegation studied the manufacturing capacities of Belarus’ leading farm machinery producer, visited an exposition of the company’s machinery and held business talks. At the meeting with Bobruiskagromash Director General Alexander Yeremeyev, Jose Suarez Leon confirmed Cuba’s interest in establishing direct trade relations between Belarusian farm machinery producers and Cuban companies affiliated with the Agriculture Ministry.

The parties drafted a list of Bobruiskagromash products that have the biggest chances to penetrate the Cuban market. They also agreed to discuss possible cooperation options and a program for 2019, the company informed.

Bobruiskagromash machinery was already supplied to Cuba in small quantities through middlemen who took care of the issues related to the conversion of the Cuban peso. However, taking into consideration ongoing structural changes in the Cuban economy, the Cuban Agriculture Ministry would like to buy Belarusian farm machines directly.

Founded in 1974, Bobruisk-based Bobruiskagromash was reincorporated as an open joint stock company in 2005. In 2012 it became the Management Company of the Bobruiskagromash Holding Company, one of the largest producers of farming machinery in Belarus and the CIS. The company offers over 80 names of trailer-type and mounted machines for organic and mineral fertilizer application, forage distribution and conservation, flax harvesting, dump trailers for tractors of different drawbar categories, and other specialized agricultural machines.