Amkodor

Amkodor-Onego, a subsidiary of Belarusian holding AMKODOR, will invest 18 billion rubles to create a production facility for wheeled harvesters and forwarders at the former Onega tractor plant site in Karelia, creating over 500 jobs. Work begins in February 2019.

Construction of the Amkodor-Mash plant began in Kolodishchi, Minsk region. The plant will produce front and universal loaders, telescopic loaders, and tractors with articulated frames, with a planned capacity of about 6,000 machines per year and a project cost of approximately $230 million.

AMKODOR-Mash will build a new plant in Kolodishchi, Belarus, to produce loaders and tractors, with a capacity of 6,000 machines per year and creating 1,350 jobs.

Amkodor and China Sinomach Heavy Industry Corporation signed memorandums on commercial aspects and localization of excavator manufacturing. The Amkodor-KEZ factory will receive 35 kits to assemble Sinomach excavators within three months, with a contract value of about $3 million.

Amkodor received a $192 million loan from Exim Bank of China for the construction of a new plant in Kolodischi, Belarus. The total project cost is $230 million. The plant will produce 6,000 special machines per year and create 1,500 jobs.

Amkodor and China National Machinery Industry Corporation (Sinomach) plan to discuss creating a joint venture in April 2017 in China to produce excavators and bulldozers. They also consider acquiring a license for Sinomach machinery with high localization for markets in Belarus, Russia, and other countries.