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BelAZ named Belarus' best innovative organization

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MINSK, 14 November (BelTA) - According to the results of the competition among enterprises of the Belarusian Industry Ministry, Belarusian heavy truck manufacturer BelAZ won first place in the Best Innovation Organization nomination, BelTA learned from the press service of the enterprise.

Some 29 organizations applied for the nomination. BelAZ received 13 out of 15 points.

The company achieved the best results across such indicators as the share of knowledge-intensive products in total output, the share of innovative products in total volume shipped, and the share of high-tech and knowledge-intensive products in total exports.

The public joint-stock company (OAO) BelAZ is the managing company of the holding company BelAZ. BelAZ is the world's largest manufacturer of haul trucks and transport equipment for the mining industry and the civil engineering industry. BelAZ occupies about 30% of the world market of haul trucks with an extremely large carrying capacity. The company makes the world's largest haul truck with the carrying capacity of 450 tonnes.

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