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Press releases MZKT, Chinese Xiang Jiang setting up joint venture in Minsk
Minsk Wheel Tractor Plant (MZKT) and the Chinese space industry group of companies Xiang Jiang are setting up a joint venture in Minsk, it was learnt from the Business Relations Agency, which quoted MZKT information. The foundation agreement of the limited liability company Volat Xiang Jiang was signed in Minsk on 2 September. With foreign direct investments the new enterprise will manufacture MZKT-designed hydromechanical transmissions. The authorized fund of Volat Xiang Jiang totals $22.2 million, with the parties contributing 50% each. The new enterprise will use design and technological solutions of Minsk Wheel Tractor Plant as well as premises. Representatives of Minsk Wheel Tractor Plant said that foreign direct investments will be used to buy modern heavy-duty machine tools and equipment, including processing centers that will allow manufacturing advanced products. The joint venture is the first step in developing the production of hydromechanical transmissions in Minsk. Later on there are plans to start assembling these products in China using the joint venture Xiang Jiang Volat that was founded by MZKT and Xiang Jiang in 1997. Back to "All press releases" | Print version 15.03.2024JSC "Raton" is a diversified enterprise 13.03.2024FME "Miloshevichsky Forestry" is implementing the following types of products and services: 12.03.2024JSC "Electromodul" is a specialized enterprise of automotive and power electronics. 11.03.2024GOMEL FOUNDRY "Centrolite" is the largest enterprise in Belarus, specializing in the production of cast products from gray and ductile iron 10.03.2024Compound feed in granular form is produced for all types of farm animals, poultry and fish. Info centerAbout UsFAQ / HelpPartnersContactsBusiness NewsPress ReleasesTrade ShowsLegal informationServices
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