Business news

PM visits Belarusian heavy truck manufacturer BelAZ

ZHODINO, 28 December (BelTA) – Belarusian Prime Minister Roman Golovchenko visited the Belarusian heavy truck manufacturer BelAZ during a working trip to Minsk Oblast, BelTA has learned.

Roman Golovchenko got a tour of the company and got familiar with the new models of haul trucks.

The prime minister will also preside over a meeting at BelAZ to review BELAZ's performance in 2021 and the company's development forecast for the next year.

Today, BelAZ produces the widest range of haul trucks in terms of carrying capacity classes. The company implements projects to create high-performance innovative vehicles: robotic trucks for self-driving technological systems, quarry trucks running on alternative fuel, mining excavators, an intelligent global monitoring system, etc.

"The company will hit the 2021 key targets set out by the Industry Ministry (output, export growth, sales margins) by the end of the year," the company said. According to the 2022 business plan, the company plans to maintain the production at the level of 2021. The share of innovative products is projected at 40.5% of the total production volume. To a large extent, the company is set to focus on investment projects. It is expected that the average monthly wages will increased by 6.6%.

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 450t.

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