In January-September 2024, MTZ-Holding investments grew by 48%
Over the first nine months of 2024, the investments of MTZ-Holding have increased by 48 percent compared to the same period a year earlier, according to the Tractor.bel corporate edition with reference to a representative of the holding’s parent company: Minsk Tractor Works
“The actual volume of investments into the fixed capital of MTZ-Holding for nine months of 2024 totalled Br137.31m,” said Svetlana Glebko, who heads the Feasibility Study of Investments Department. “Last year, Br92.507m were injected over the same period.”
According to the specialist, the funds are directed to implement projects within the framework of the MTZ-Holding technical development plan.
MTZ-Holding was registered in the state register of holdings in 2014. The parent company is Minsk Tractor Works JSC. Alongside MTZ, the holding unites 14 open joint-stock companies.
As previously reported, MTZ-Holding plans to produce over 50,000 units of equipment this year. At the same time, the Minsk Tractor Works is preparing to produce 36,600 tractors (against 34,000 in 2023). Working in foreign markets is of key importance for MTZ-Holding. On average, for the period from 2016 to 2020, enterprises exported $500m of goods per year; over the first three years of the current five-year plan, the average annual exports stood at $800m, with the growth rate exceeding 140 percent.
