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17 June 2022, 10:01

Amkodor signs investment agreement with Bashkortostan

MINSK, 17 June (BelTA) - The Belarusian mechanical engineering company Amkodor has signed an investment agreement with Bashkortostan, Russia, BelTA learned from the company's press service.

During the 25th St. Petersburg International Economic Forum an investment agreement was signed between the government of Bashkortostan, the Corporation of Development of the Republic of Bashkortostan and the Belarusian Amkodor on two investment projects. The projects are aimed at launching the production of equipment for post-harvest grain processing and setting up a production and maintenance center in Ufa.

The public joint-stock company (OAO) Amkodor is the managing company of the holding company Amkodor. The original enterprise was established in 1927. Nowadays the company operates five divisions that make construction machines, forestry machines, agricultural machines, municipal vehicles, and their components for all branches of the economy. Amkodor enterprises make about 6,500 products, over 125 models and modifications of the machines and vehicles that work in 40 countries across the globe. The holding company embraced a policy favoring innovative projects in the last few years. Their realization is of strategic importance for Amkodor because their key goal is further development of in-house manufacturing, assimilation of new progressive solutions and technologies, preservation of leadership in existing markets. The company is also intent on securing current accomplishments as it works hard to make multifunctional machines.

St. Petersburg International Economic Forum is one of the largest and most significant business events in the world. SPIEF has been held annually since 1997. Over 25 years it has earned the status of the world's leading platform for discussing key issues of the global economy and exchanging global best practices and competencies to ensure sustainable development. Since 2005, the forum has been held under the patronage and with the participation of the president of the Russian Federation.

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