MINSK, 21 January (BelTA) - Belarusian President Aleksandr Lukashenko examined the progress in the reconstruction works at the bus factory as he visited Minsk Automobile Plant (MAZ trademark) on 21 January, BelTA has learned.
Aleksandr Lukashenko inspected the model range of MAZ passenger vehicles and toured the main assembly sites.
“We have built this site from scratch. All the equipment has been installed and is operating properly. We expect to reach full capacity by 1 January 2026,” MAZ Director General Valery Ivankovich said.
“You have done a great job,” Aleksandr Lukashenko praised the production site.
In 2023, MAZ launched an innovative project to renovate the bus factory, build a new production facility and increase production capacity to 3,000 vehicles per year.
The project envisages the establishment of three automated production lines for passenger vehicles, the construction of diagnostic, adjustment and delivery centers for buses, a specialized welding, preparatory and engineering workshop, and the creation of a warehousing facility. The total investment costs exceed Br300 million. The bus factory is scheduled to be put into operation by April 2025. The project is expected to double MAZ's passenger vehicle production capacity, ensure the development of a new generation of passenger vehicles, increase its export potential to 1,500 units per year and create 331 new high tech jobs.
In 2024, MAZ produced more than 13,100 vehicles, including almost 2,000 passenger vehicles, which was up by 12% over 2023. MAZ also exported 8,800 units last year.
Revenue from product sales increased by 16.6% to approach Br3.3 billion. The total revenue for the MAZ holding company exceeded Br4 billion.
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