Business news

“This year, our export to the countries of the Middle East and Southeast Asia has reached 3,300 vehicles to the tune of $34.6 million. Our exports to Afghanistan, Vietnam and Mongolia have increased by 41.7%, 7.2% and 78.8% respectively. Besides, we have resumed supplies to the market of Iraq,” Vladimir Makarenko noted.

As for the cooperation with Vietnam, he recalled that a contract for the supply of 150 MTZ vehicles was signed during the recent visit of the Belarusian head of state to Vietnam. The first batch of products will be shipped in January 2016. “Besides, a trading house opened in Pakistan in 2015. We are set to step up our supplies to this country next year. There are plans to ship some 3,100 tractors,” Vladimir Makarenko pointed out.

MTZ is also considering ways to enter the market of Indonesia, gain a foothold there, and later penetrate the markets of the Philippines, Malaysia, and Australia.

According to preliminary data, MTZ exported $455 million worth of products in 2015. “The figure is lower than in 2014, but we have managed to stay afloat,” Vladimir Makarenko said. In physical terms, the company exported more than 27,500 vehicles.

Minsk Tractor Works was founded in 1946. It is part of the system of enterprises run by the Belarusian Industry Ministry. The company offers over 120 models and modifications of tractors and vehicles with over 200 options for all kinds of climatic and operational conditions. For the last several years MTZ has kept an 8-10% share of the global market of wheeled tractors. MTZ operates in over 60 countries and has assembly enterprises in Russia, Azerbaijan, Ukraine, Kazakhstan, China, Romania, Egypt, Serbia, Algeria, Venezuela, and other countries. In 2015, the company cooperated with trading partners in 76 countries and exported products to 64 countries.