Government Bodies
Flag Monday, 15 August 2022
Minsk Mainly clear +21°C
All news
All news
17 June 2022, 16:17

MTZ exports up 10% in January-May 2022

MINSK, 17 June (BelTA) - In January-May 2022 the Belarusian tractor manufacturer MTZ increased the export of its products by 10% year-on-year, BelTA learned from MTZ Director General Vitaly Vovk.

“The enterprise is working in a routine mode. If we talk about the output, it has become even more intense than a few years ago. In January-May 2022 the company produced 15,842 units of machinery. The growth rate was 106.7% as compared to January-May 2021. This year, we have sold abroad almost $300 million worth of tractors and machinery, which is up 10% from the same period last year,” said Vitaly Vovk.

In his words, the main goal in the short term is to reach $1 billion in exports. “We are planning to enter new countries for sales, expand our presence in traditional markets, increase the range of our products, develop the distribution network and advertising and exhibition activities, set up assembly plants,” the director general said.

According to Vitaly Vovk, the demand for BELARUS machinery increased. “Now we are quickly adjusting supply chains of materials and components for the production of tractors and machines in the required volumes and nomenclature. We are actively looking for variants to substitute critical import, establish production cooperation with partners,” he explained.

As for sales, Vitaly Vovk said that Minsk Tractor Plant redirects supplies of machinery to the markets of the countries that have no problems with logistics and settlements. First of all it is the Russian Federation, Kazakhstan, Uzbekistan and Azerbaijan. “We continue to optimize logistic schemes to increase supplies to the African market and are looking for new opportunities. We are also planning to return to the Venezuelan market. We are working on options to resume assembly production of our equipment there,” the director general said.

Subscribe to us
Recent news from Belarus