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Belarusian company to set up joint venture in South Africa

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MINSK, 20 August (BelTA) – A joint venture will be established by OAO NPO Center and AML Mzanzi Group in South Africa. Documents, which had been previously signed by correspondence, were exchanged during a business meeting of representatives of Belarusian companies and organizations and representatives of the South African private sector in the Belarusian Chamber of Commerce and Industry (BelCCI), BelTA has learned.

According to the cooperation agreement the Belarusian company and the South African one have signed, the joint venture will specialize in making several types of centrifugal equipment, non-standardized parts, and spare parts using NPO Center’s technologies for the sake of selling the products in South Africa and other African countries.

Apart from that, an NPO Center showroom will be established in South Africa. A trading house will be set up at AML Mzanzi Group’s premises to sell Belarusian equipment, machines, and vehicles.

Chairman of the Belarusian Chamber of Commerce and Industry Vladimir Ulakhovich took part in the business meeting. He talked about the opportunities the chamber offers and about the chamber’s work to promote contacts of the Belarusian business community with companies from South Africa and other African countries. He also mentioned the main avenues of cooperation with the chambers of commerce and industry as well as business associations in that region. Senior Counselor of the Embassy of Belarus in South Africa Maksim Nesterenko presented up-to-date information about the current state of Belarus-South Africa trade and economic cooperation and about opportunities for expanding this cooperation.

Members of the South African delegation – AML Mzanzi Group head Arkady Gutkin and LDA Building Services CEO Jimmy Wood – presented information about peculiarities of doing business in South Africa. They informed heads of 20 Belarusian companies about the main directions of their companies’ work, about the projects being implemented. They also confirmed the readiness to promote mutually beneficial cooperation with Belarusian manufacturers of high-tech equipment and components as well as the readiness to set up joint ventures. AML Mzanzi Group is an engineering company that specializes in making and selling equipment. LDA Building Services specializes in assembling industrial equipment.

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