Business news

MOSCOW, 22 March (BelTA) – A major mechanical engineering cluster may be set up in the Russian city of Cherepovets with assistance of the Belarusian company Minsk Tractor Works (MTZ trademark). The information was released by the press service of the Embassy of Belarus in Russia after Vologda Oblast Governor Oleg Kuvshinnikov met with OAO MTZ Director General Fyodor Domotenko in Cherepovets on 22 March, BelTA has learned.

The Vologda Oblast Governor said: “We are interested in establishing a major mechanical engineering cluster using industrial sites in Cherepovets with assistance of Minsk Tractor Works.” In his words, the cluster will allow increasing the output of tractors. The vehicles will be sold not only to agricultural enterprises, but forest industry enterprises and municipal enterprises, too. The Governor promised full support to all the projects that will be implemented in the region with assistance of the Belarusian side.

Examples of successful cooperation between Belarus and Vologda Oblast are already available. For instance, the MTZ delegation visited Cherepovets Casting & Mechanical Plant on 22 March. Five years ago the Russian company was chosen as one of the main producers of Belarusian tractors and utility vehicles. Since then it has assembled over 6,000 vehicles.

On 22 March the sides signed an agreement of intent between the Vologda Oblast government and the Belarusian public joint-stock company (OAO) MTZ. The document provides for enabling favorable conditions for promoting long-term and mutually beneficial cooperation, for implementing joint projects for the sake of providing technological solutions to the agribusiness industry and the forestry industry.