A new breakthrough in “the Belt and Road”
On July 2nd, local time, the signing ceremony was held in China-Belarus Boulder Industrial Park. The chairman of Fast Group, Yan Jianbo, general manager of Shaanxi Fast Gear Co., and Ivankovic, general manager of Maz Group, represented the two companies. Signed a cooperation agreement between Mars and Maz and attended the groundbreaking ceremony.
This is the second overseas factory invested by Fars in “the Belt and Road” following the establishment of the factory in Thailand. It is the fruitful achievements and significant progress made by Fast’s “5221” strategy, which is to promote Shaanxi to catch up. Deeply integrate into “the Belt and Road” construction to explore new paths.
Wu Qiuping, Minister of Industry of Belarus, Zhao Gang, Vice Governor of Shaanxi Province, Xu Hong, Party Secretary of Weichai Group, and 100 guests from all walks of life, including the government, business community and news media, attended the signing ceremony and groundbreaking ceremony.
Yan Jianbo delivered a speech on behalf of Fast, and expressed his heartfelt gratitude to the leaders of China and Belarus for their long-term concern and support. He said that the establishment of Fastmats marks a new step in the development of globalization and internationalization. It is not only an important achievement of “the Belt and Road” international cooperation between China and Belarus, but also the new platform for Weichai, Fast and Maz to cooperate in a wider field, higher level and deeper level in the future. The joint venture is constantly moving towards the development goal of updating further.
Ivankovic said that the Fastmats joint venture project has further enhanced our market position in traditional products and succeeded in new markets. The close cooperation between experts from China and Belarus will help Maz vehicle sales to a new level and make the joint venture transmission products more competitive in the CIS and other countries.
As a national-level cooperation project of the heads of state of China and Belarus, Zhongbai Industrial Park is located in the Silk Road Economic Belt, an important hub connecting Europe and Asia – Minsk Region of Belarus. It is China’s largest comprehensive overseas industrial park.
After more than 50 years of innovation, Fast has more than 10 holding and shareholding subsidiaries, a wholly-owned factory in Thailand, a distribution company in the United States, and an innovation center in the UK. The business indicators ranked first in the Chinese gear industry for 16 consecutive years, and the annual production and sales volume of heavy-duty vehicle transmissions ranked first in the world for 13 consecutive years. The products are widely exported to more than 40 countries and regions in North America, South America, Eastern Europe, ASEAN and Southeast Asia. They have established long-term strategic cooperative relations with many multinational companies and have rich experience in international joint venture and cooperation.
Maz is the largest equipment manufacturing company in Belarus. It mainly produces all kinds of trucks, buses, tractors, dump trucks, off-road vehicles and various professional transportation chassis. The products not only occupy a large share in the CIS market, but also Exported to other countries in the world. Fast and Maz have been in a solid and friendly OEM relationship for nearly 20 years and have established a profound friendship in the development of cooperation.