Business news

9 Apr 2020

MTZ exports to Africa up 70% in Q1 2020

An archive photo

MINSK, 9 April (BelTA) — The export of Minsk Tractor Works (MTZ trademark) to the African countries soared 70% in January-March 2020, BelTA learned from the press service of the company.

“The export to non-CIS countries amounted to 101.3% year-on-year. Supplies to the African continent increased by 70%,” the press service said.

MTZ increased the export of its products to Russian regions by 1.2 times. Supplies also increased to Uzbekistan, Moldova, Tajikistan, Kyrgyzstan and Armenia.

In January-March 2020, some 500 tractors and tractor kits were shipped to the markets of European countries, more than 300 vehicles went to the states of Asia and Middle East (Pakistan, Afghanistan, Syria).

“The share of exports in total shipments, taking into account supplies through Promagroleasing reached 93%. MTZ products were delivered to the markets of more than 30 countries, including 22 non-CIS countries,” the press service said.

According to the company, in Q1 2020 the export volume remained at the level of the same period in 2019.

According to the UN, Minsk Tractor Works is among the world’s top 12 exporters of tractor equipment. Today MTZ-Holding produces more than 160 models and modifications of tractors and vehicles with the capacity ranging from 9 to 365 hp. The products of the plant are present at the markets of more than 80 countries.