Volga | Industry, manufacturing

GAZ Group eyes Minsk auto factory

9 Jun '08
Nizhy Novgorod car maker Russkie Mashiny has confirmed it is negotiating with the Government of Belarus to the acquire Minsk Automobile Plant.

General Director Valery Lukin confirmed today at the St Petersburg Economic Forum that a "specifi agreement on the company's participation in the acquisition of the Minsk Automobile Plant will be reached within a month".

The firm, which is a part of GAZ Group, won the competition for the Minsk Automobile Plant from KamAZ.

It is expected that soon there will be a decision by the Belorussian Government to transform Minsk Automobile Plant into a joint-stock company, which is currently state owned.

Sources at GAZ Group say that the most important factor which influenced the government's decision is the existing cooperation with another GAZ's part, Yaroslavl Motors, which supplies diesel engines for the Minsk Automobile Plant.
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