Great Stone to host production of complete car parts by Geely, transmissions by Weichai
11 June 2019
MINSK - China’s Geely Corporation is eyeing the China-Belarus Industrial Park Great Stone as a potential site for manufacturing automobile parts. A relevant agreement between the Great Stone Industrial Park and Geely is under preparation and will be signed at the international forum on regional cooperation and development within the framework of the Belt and Road initiative, due on July 1-3, 2019, Head of the Great Stone Administration Alexander Yaroshenko told reporters on June 10.
Besides, China’s Weichai Corporation is willing to choose the Great Stone Industrial Park as a site for manufacturing gearboxes, Yaroshenko informed.
The official said: “The governments of Belarus and China see the possibility of attracting serious, so-called anchor transnational corporations as a source of the growth of investments. Our industrial park already has such an example. The Chinese leading mechanical engineering corporation Weichai has already built a factory to make diesel engines for the Belarusian automaker MAZ. These engines are also supposed to be used by other Belarusian companies – Amkodor, Gomselmash, and so on. We hope that during the Belt & Road Forum for Regional Cooperation and Development a groundbreaking ceremony will take place to start the construction of the second project of this corporation – the production of gearboxes.”
As previously reported, the Belarus-China joint venture MAZ-Weichai (founded by Minsk Automobile Plant (MAZ) and China’s Weichai Power Co. Ltd) launched their diesel engines plant at the China-Belarus Industrial Park Great Stone in Nov 2018. MAZ-Weichai was registered as a resident company at the China-Belarus Industrial Park Great Stone with investment project to build a plant in 2017-2019 to produce diesel engines for trucks, buses and special-purpose vehicles.
MAZ-Weichai occupies a 3.5ha land plot at the Great Stone Industrial Park. MAZ-Weichai was expected to hold a 30% stake in the factory, while Weichai’s stake stands at 70%. Initially, the plant plans to produce 10,000 engines per year. Subsequently, the production capacity is expected to grow to 20,000 engines, with the share of local content growing to 50%.