Azernews.Az

By Amina Nazarli

Minsk Bearing Plant (MPZ) is interested in cooperation with Azerbaijani companies and businessmen to export its products, according to the Azerbaijan Export and Investment Promotion Foundation (AZPROMO).

MPZ, founded in 1948, is among the ten largest enterprises of Belarus and is one of the largest bearing manufacturers in Eastern Europe and the CIS. The output of bearings at the plant is more than five million pieces a year.

The range of bearings, which are sold under the brand of "MPZ" makes up more than 600 models, here can be found bearings with diameter of 10 mm weighting 19 grams, and 980 mm diameter giants weighting up to 880 kg.

The basis of the production and supplying program of JSC “Minsk Bearing Plant” is double row spherical roller bearings, share of which in sales is about 65 percent, and in export is about 90 percent. At present time "MPZ" delivers products into 24 countries.

AZPROMO is a joint public-private-initiative, established by the Ministry of Economy and Industry of Azerbaijan in 2003 with the aim to contribute to the economic development through attracting foreign investments in the non-oil sectors of economy. In 2005, its functions were expanded, including the stimulation of country's exports of non-oil goods to the overseas markets.

The Agency assists the companies established in Azerbaijan in their intentions for entering foreign markets. Its wide network of foreign representations and partners offer good opportunity for companies to improve and expand their export capacities.

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Amina Nazarli is AzerNews’ staff journalist, follow her on Twitter: @amina_nazarli

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