Business news
Non-CIS share in export of Belarusian heavy truck maker BelAZ goes up
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MINSK, 5 August (BelTA) – The share of non-CIS states in the export of the Belarusian automobile engineering company BelAZ exceeded 41% in January-July 2020, BelTA has learned.
Despite the complicated situation in the world mining industry and despite unstable markets BelAZ managed to carry out the July business plan, in particular, the volume of shipment of ready-made products. In January-July the company secured a genuine breakthrough in increasing the share of non-CIS states in the total export. This share exceeded 41% in January-July 2020, 33.6 percentage points up from the same period of last year. It is the highest figure on record in comparison with annual figures.
BelAZ’s accomplishment is attributed to sales in 14 non-CIS states – India, Mongolia, Algeria, Poland, Bulgaria, Bosnia and Herzegovina, and other ones. In January-July 2020 BelAZ products were shipped to 21 countries. The share of domestic sales exceeded 11% while the export share was close to 89%, including 34.2% to Russia and 13.3% to other CIS states.
BelAZ is now working to ship vehicles to mining enterprises in Uzbekistan, Kazakhstan, Ukraine, and Armenia by the end of the year. The Russian market is of strategic importance for BelAZ. It is gradually recovering. Plans have been made to ship BelAZ vehicles to Indonesia, Serbia, India, Algeria, Mongolia, South Africa, Bosnia and Herzegovina, and other countries. Taking into account the expected export volume the share of non-CIS countries in the total shipments may get close to 45%.
The public joint-stock company (OAO) BelAZ is the managing company of the holding company BelAZ. BelAZ is the world's leading manufacturer of haul trucks and transport equipment for mining industry and civil engineering industry. BelAZ accounts for some 30% of the world market of haul trucks with an extremely large carrying capacity. The company makes the world’s largest haul truck with the carrying capacity of 450 tonnes.
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