Business news

Weichai to make gearboxes in China-Belarus industrial park Great Stone

MINSK, 10 June (BelTA) – The Chinese corporation Weichai intends to implement a project to start manufacturing gearboxes in the China-Belarus industrial park Great Stone, BelTA learned from Aleksandr Yaroshenko, head of the industrial park administration, at a press conference on 10 June.

The official said: “The governments of Belarus and China see the possibility of attracting serious, so-called anchor transnational corporations as a source of the growth of investments. Our industrial park already has such an example. The Chinese leading mechanical engineering corporation Weichai has already built a factory to make diesel engines for the Belarusian automaker MAZ. These engines are also supposed to be used by other Belarusian companies – Amkodor, Gomselmash, and so on. We hope that during the Belt & Road Forum for Regional Cooperation and Development a groundbreaking ceremony will take place to start the construction of the second project of this corporation – the production of gearboxes.”

The two flagships companies – Belarusian MAZ and Chinese Weichai – have established a joint venture. OOO MAZ-Weichai became a resident company in the China-Belarus industrial park Great Stone in October 2017. The construction of an engine factory began in April 2018. The pilot production of internal combustion engines began in November 2018. There are plans to make engines for trucks, utility vehicles, and buses.

The Belt & Road Forum for Regional Cooperation and Development will take place in the China-Belarus industrial park Great Stone on 2 July. Its key theme is Great Stone Industrial Park – Global Opportunities. The forum will draw about 500 participants. Those will be representatives of governments, heads of business associations, investment funds, banks, and major companies from European and Asian regions. The forum’s organizers are the Belarusian Economy Ministry and the Commerce Ministry of the People’s Republic of China. The co-organizers are the Belarusian Chamber of Commerce and Industry, the Trade Development Bureau of the Chinese Commerce Ministry, the administration of the China-Belarus industrial park Great Stone, the National Agency of Investment and Privatization, and SZAO Industrial Park Development Company.

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