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Belarusian truck maker BelAZ unveils export diversification plans

Economy 12.09.2019 | 19:22

MINSK, 12 September (BelTA) – The Belarusian automobile engineering company BelAZ intends to increase the share of CIS states other than Russia in vehicle sales up to 20%. The share of non-CIS states will be raised to 35%, BelTA learned from the company's First Deputy Director General Oleg Stepuk.

The CIS market is a strategic one for BelAZ. In particular, the company sells 60% of the vehicles it makes to Russia. On the whole, the CIS states account for roughly 14% of BelAZ's export. Non-CIS states account for 26%. “We are intent on keeping the Russian market and raising our share by means of making more haul trucks, including from 14% to 18-20% in post-Soviet space countries and up to 35% in non-CIS states,” Oleg Stepuk said.

The executive told media about cooperation with African countries: “We are present in South Africa, Zimbabwe, Morocco, Angola, and Congo. We have representative offices in these countries. Certainly, we are working to reach the countries we are not present in yet.”

BelAZ products were shipped to 25 countries across the globe in January-July 2019. Large-capacity vehicles (haul trucks and utility vehicles) accounted for 67.9% of the sales volume in January-August, which is the highest figure on record in comparison with annual figures. The company intends to deliver large batches of products to Indonesia, India, Algeria, and Serbia. More vehicles are expected to be delivered to Bosnia and Herzegovina, Poland.

Based in Zhodino, Minsk Oblast, the public joint-stock company (OAO) BelAZ is the world's leading manufacturer of haul trucks with a large carrying capacity and an extremely large carrying capacity. The company also makes other kinds of heavy transport vehicles for the mining industry and the civil engineering industry.

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