MOSCOW TIME: 26.05.2018 18:56:45

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


25.05.2018 Russia, France sign agreements totaling about 1 bln euro

Russia and France signed agreements amounting to about 1 bln euro during the visit of Frances President Emmanuel Macron to Russia, Chief Executive of the Russian Direct Investment...

25.05.2018 Gazprom Neft maintains long-term forecast of $50 per barrel oil price

Gazprom Neft will continue to be guided by the price of oil at $50 per barrel when planning investments, although it expects a higher cost of resources.

EVENTS


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)

31.10.2018 UZSTROYEXPO-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