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ОАО « Horizont» and China’s holding company Midea Group will discuss the conditions of joint venture’ s foundation in coproduction of domestic electric aplliances

25 October 2007

ОАО « Horizont»  and China’ s holding company will negotiate of joint venture’s   foundation in coproduction of domestic electric appliances informed to a Belta reporter in the market centre ОАО « Horizont».A delegation of the MG came to Minsk on the 24th of  October.

The delegation will get acquainted with the manufacture,discuss their perspectives and conditions of collaboration.It is planned that foreign guests will visit large industrial enterprises of our republic.At the first stage,at the beginning of 2008,the joint enterprise will be producing microvave ovens.The capacity of the factory will reach more than 1 million product units in a year.This project costs estimated $250million.The second stage will be coproduction of wide spectrum of home appliances including vacuum cleaners,conditioners and different kitchen appliances. 

China’ s Media Group is one of the largest and famous chinese manufacturers of domestic electric appliances.Last year output was $8 billions.By 2010 the company is expected to increase an output to $12billions.

BelTA