Business news

MINSK, 9 November (BelTA) – A draft licensing agreement to set up a joint venture to assemble forage harvesters KSK-600 has been sent to the company Paksan, spokesman for the Belarusian Industry Ministry Vladimir Podolyak told BelTA.

He noted that the project to establish a joint venture to assemble forage harvesters KSK-600 was discussed during the visit of a Paksan representative to the Belarusian mechanical engineering company Gomselmash in September 2016. The Turkish delegation said that they had a 15,000-square-meter facility to house a venture to assemble harvesters. “The Turkish side is currently considering a draft of the relevant agreement,” Vladimir Podolyak said.

Once the licensing agreement is concluded, the sides will draft a division sheet for the first stage of the joint assembly project.

Gomselmash and Paksan signed the agreement to establish a joint venture to assemble forage harvesters during the official visit of a Belarusian government delegation led by Prime Minister Andrei Kobyakov to Turkey in November 2015.

Paksan put forward an idea to organize supplies of ready-made self-propelled forage harvesters KSK-600 to Turkey at the initial stage of the implementation of the agreement. The agreement between Gomselmash and Paksan provides for the delivery of five forage harvesters KSK-600-10 to the total tune of $300,000. Two vehicles have been shipped so far. The remaining three will be delivered to Turkey in November-December 2016.

Vladimir Podolyak noted that Belarus also sells metal products and machine tools to Turkey. For instance, Belarusian Steel Works exported almost 15,500 tonnes of metal products worth $8.5 million to this country in January-October 2016.

Belarus’ machine-tool plant Krasny Borets has been cooperating with its Turkish distributor Adil Makina since 1995. In October 2016, the company took part in the engineering expo MAKTEK Eurasia in Istanbul. Krasny Borets exported eleven machine tools worth $259,000 to Turkey in January-October 2016. The enterprise will supply another four pieces of equipment worth $129,200 in November.

Besides, the Belarusian automobile engineering company BelAZ has plans to take part in the expo Mining Turkey 2016 together with its partner, Swiss company Premar Service AG. The expo will run in Istanbul from 24 to 27 November.