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7 Sep 2020

Amkodor included in Eurasian register of industrial producers

Amkodor included in Eurasian register of industrial producers
An archive photo

MINSK, 7 September (BelTA) – The Belarusian mechanical engineering company Amkodor has been included in the Eurasian register of industrial producers, BelTA learned from the company’s press service.

The inclusion in the Eurasian register of industrial producers among other ten Belarusian companies will help the holding company take part in government’s and municipal procurement orders in Russia. The decision was taken by the EAEU Intergovernmental Council with an active participation of the Ministry of Antimonopoly Regulation and Trade of Belarus.

In addition to image growth, the company will also get a certain share of the Russian market. Amkodor supplies its products to more than 30 countries, but the Russian market is one of the key areas of business, accounting for up to 80% of the Belarusian company’s foreign supplies, or more than 30% of its industrial output,” representatives of the company said.

Universal and frontal loaders as well as vehicles for the timber industry are popular on the Russian market. These two areas are a priority for Amkodor. The modernization of Amkodor-Bryansk and Amkodor-Onego plants is underway in Russia.

Belarus and Russia have close cooperation ties. For example, Amkodor buys rolled metal products, castings, forgings and other products of about 60 Russian companies for its production. This is quite an impressive volume of the total number of components. They include radiators, some types of tires, wheel disks, bearing products, and products of electrical engineering. According to the company, Amkodor’s inclusion in the Eurasian register will have the most favorable effect on its activity: the sales volume will increase, the market of spare parts and services will be expanded.

“It can be said with confidence that Amkodor’s entire product line is the products of the Union State. It is focused on import substitution of similar type of industrial goods from third countries. Enterprises both in Belarus and Russia are interested in increasing the development of existing competencies in the Union State in order to further improve the design school and science in general,” the press service said.

Founded in 1927, Amkodor produces 125 models and modifications of equipment. The company employs more than 6,000 specialists. All its enterprises are integrated into one technological chain. The holding company continues developing new models and improving the features of its existing products.

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