MTZ exports up 33.3% in January-September to $480m
<p> MINSK, Oct 29 – PrimePress. Minsk Tractor Plant (MTZ) increased exports by 33.3% year on year in January-September 2021 to $480 million. </p> <p> </p> <p> This was reported by the Telegram channel BelarusTractors_official with reference to the company’s CEO Vitaly Vovk. </p> <p> </p> <p> This includes exports to non-CIS countries, which increased by 26.7%, to Russia by 12.7%, and to other CIS countries by 71.9%. </p> <p> </p> <p> The company’s foreign trade surplus amounted to $320 million and the profitability of sales was 13.6%. </p> <p> </p> <p> MTZ was founded in 1946 and transformed into an open joint stock company owned by the state in January 2014; transformed into MTZ-Holding in August 2014. The Holding unites MTZ OJSC; Bobruisk Plant of Tractor Parts and Assemblies; Vitebsk Plant of Tractor Spare Parts; Minsk Plant of Special Tools and Technological Equipment; Minsk Gear Plant; Mozyr Machine-Building Plant; Narovlya Hydro-Equipment Plant; Khoyniki Hydro-Equipment Plant; Lepel Mechanical Repair Plant; Lepel Electromechanical Plant. MTZ-Holding manufactures more than 160 models and modifications of tractors and machinery ranging from 9hp to 365hp. The Holding is present in markets of 85 countries. End </p> <p> </p>
2021-10-30
Primepress
MTZ exports up 33.3% in January-September to $480m
MINSK, Oct 29 – PrimePress. Minsk Tractor Plant (MTZ) increased exports by 33.3% year on year in January-September 2021 to $480 million.
This was reported by the Telegram channel BelarusTractors_official with reference to the company’s CEO Vitaly Vovk.
This includes exports to non-CIS countries, which increased by 26.7%, to Russia by 12.7%, and to other CIS countries by 71.9%.
The company’s foreign trade surplus amounted to $320 million and the profitability of sales was 13.6%.
MTZ was founded in 1946 and transformed into an open joint stock company owned by the state in January 2014; transformed into MTZ-Holding in August 2014. The Holding unites MTZ OJSC; Bobruisk Plant of Tractor Parts and Assemblies; Vitebsk Plant of Tractor Spare Parts; Minsk Plant of Special Tools and Technological Equipment; Minsk Gear Plant; Mozyr Machine-Building Plant; Narovlya Hydro-Equipment Plant; Khoyniki Hydro-Equipment Plant; Lepel Mechanical Repair Plant; Lepel Electromechanical Plant. MTZ-Holding manufactures more than 160 models and modifications of tractors and machinery ranging from 9hp to 365hp. The Holding is present in markets of 85 countries. End