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Belarus to Supply 100 Farm Machines to Africa

© Sputnik / Go to the mediabankAgricultural machinery produced by Gomselmash (Belarus)
Agricultural machinery produced by Gomselmash (Belarus)  - Sputnik Africa, 1920, 15.12.2023
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Earlier, the Ministry of Industry of Belarus stated that it considers Equatorial Guinea as a future hub for the promotion of Belarusian machinery, including tractors, in neighboring African countries.
Belarusian agricultural machinery company Gomselmash intends to export 100 units of agricultural machinery to the African continent, the company's CEO Alexander Novikov told Sputnik.
"We plan to supply about a hundred agricultural machines to African countries," he said.
Novikov disclosed that since the beginning of 2023 Gomselmash has produced about 3,000 units of self-propelled machinery, while for the whole of last year it was 2,500 units, with production growth of 20%.
More than half of the company's products are supplied to the Russian market, the head added: this year, 1,700 machines went there, and plans for 2024 – more than 2,000 units.
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Novikov emphasized that the company is trying to reduce the share of imported parts. If Russian parts are put on a par with domestic ones, the share of imported components in the machinery of the Belarusian plant is now only 4.5%. The share of Russian components in the machinery of Gomselmash is 40%, the CEO added.

He also highlighted the company's financial performance, noting that revenue growth over last year was 122% and fixed asset investment was 68%.

Novikov noted that production is being actively modernized, and the order book is already planned for 2024. The enterprise is reorienting itself towards more complex, energy-intensive machines.
Earlier, the general director of the machine-building enterprise said that the order situation is good now. Buyers are ready to pay and wait as long as six months for the delivery of machines.
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