The Belarusian mechanical engineering company Amkodor and the Chinese company Sinomach Heavy Industry intend to set up a joint venture to make excavation machines, BelTA quotes representatives of the Belarusian company. The two companies have held large-scale talks lately. A protocol of intent to cooperate in making excavation machines was signed as part of the talks. In particular, plans have been made to build a joint enterprise in the China-Belarus industrial park Great Stone.
The schedule for launching the joint venture is very tight. The sides have already set up working groups to implement the project. The joint venture is supposed to start making three excavator models and two bulldozer models in a year. The joint venture will offer products for the Eurasian market under the Amkodor-Sinomach brand. The brand Sinomach-Amkodor will be used for the markets of Latin America, Africa, and Asia.
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