MOSCOW TIME: 23.10.2018 10:39:27

Finance + Companies + Economy

Chinese to create farming machinery assembly plant in Penza Region

Chinese to create farming machinery assembly plant in Penza Region

On June 15, during his visit to the People's Republic of China, Governor Ivan Belozertsev of the Penza Region discussed cooperation prospects with Chinese partners, describing the region's potential and conditions for investing to arrange production.



Chinese to create farming machinery assembly plant in Penza Region


On June 15, during his visit to the People's Republic of China, Governor Ivan Belozertsev of the Penza Region discussed cooperation prospects with Chinese partners, describing the region's potential and conditions for investing to arrange production.


Representatives of the Chinese party in their turn declared intention to create a joint venture to assemble agricultural machinery.


According to the Press Office of the regional government, the Governor has supported this offer, noting that there are suitable areas in the Penza region, and has invited the partners to discuss production localization opportunities in situ. He also suggested to think about the manufacturing of product processing lines.


"Today agricultural machinery and machinery designed for housing and public utilities is in demand in Russia. The regional agriculture is developing with 75 thousand hectares of lands having been allocated for crop rotation last year," Ivan Belozertsev clarified.


Besides, investors from the People's Republic of China are ready to be engaged in "small generation" in Penza meaning the use of electricity to cover the needs of a product processing plant and directing surplus to other consumers.



Share this:

Share this Share this Share this

NEWS


23.10.2018 What Does Jewish Autonomous Region Export?

According to the Federal Custom Service of Russia, for the first seven months of 2018 Jewish Autonomous Region has exported goods worths $85.5 mln to eight countries.

23.10.2018 Tula Region Increases Export Of Live Chicken

For the first seven months of 2018 Tula Region's export of live chicken has increased by 35% to $2.44 mln compared to the same period of 2017 ($1.8 mln).

23.10.2018 Kursk Region Trippled Corn Export To Latvia

From January to July, 2018 Kursk Region has exported 122.5 thous. tn of corn worth $18.9 mln and thus had a 3-fold increase of its export value and a 6.5-fold increase of its expor...

EVENTS


06.06.2019 00:38:00 St. Petersburg International Economic Forum 2019

June 6-8, 2019 Russia (St.Petersburg)

21.11.2018 00:25:00 UZPRODTECHEXPO-2018

November 21-23, 2018 Tashkent (Uzbekistan)

31.10.2018 00:05:00 UZENERGYEXPO-2018

October 31 November 2, 2018 Tashkent (Uzbekistan)

INTERVIEWS


18.04.2018 Pskov State University Increases Its International Student Body Thirty...

Higher education can be a profitable export business, provided the system is built correctly and qua...

FEA Education


03.05.2017 Anna Trubetskaya: "Business should be built on Russians"

About the models of business development in another country and professional secrets is told by a practicing expert on work in international markets Anna Trubetskaya

Our partners