BELARUS NEWS AND ANALYSIS

DATE:

02/05/2008

Ganja automobile factory and Minsk tractor enterprise signed a $1 bn. contract

Baku, Fineko/abc.az. Ganja Automobile Factory (GanjAz) in Azerbaijan concluded a contract with Minsk tractor enterprise.

GanjAz Director Khanlar Hajiyev said the contract supposes production of 80,000 tractors.

"We will focus on production of 1,700-2,000 tractors this year in Azerbaijan. Within agreement with Minsk tractor enterprise it is supposed to produce 80,000 tractors for export to the third countries - Iran, Turkey, Georgia, South Russia. The contract's amount is $1 bn. for three years," K.Hajiyev said.

The Factory's potential allows producing 5,000 tractors a year on existing areas.

At present Ganja Automobile Factory (GanjAz) keeps on co-operation with Minsk Tractor Plant to create a joint venture for Belarus tractor export third states. Capacity of the Azeri-Byelorussian JV will be 8,000-10,000 a year. Its output will be exported to Turkmenistan, Kazakhstan, Georgia and border regions of Russia. A 7,000 sq.m area was allocated for the JV at GanjAz.

Source:

http://abc.az/cgi-bin/wnews_one.cgi?nid=23680&lang=eng

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