Telecom hardware company Promsvyaz to move into China-Belarus industrial park Great Stone

Thursday, 06 September 2018 10:01  |  Written by  BelTA

The paperwork is nearly ready for OAO Promsvyaz, Belarus' top telecommunication hardware manufacturer, to become a resident of the China-Belarus industrial park Great Stone

OAO Promsvyaz will become a resident company in the China-Belarus industrial park Great Stone, BelTA learned from Chairman of the State Property Committee of Belarus Andrei Gayev on 5 September.

According to the source, the paperwork is nearly ready for OAO Promsvyaz, Belarus' top telecommunication hardware manufacturer, to become a resident of the China-Belarus industrial park Great Stone. The company intends to implement joint projects involving Chinese investors, said Andrei Gayev.

The official stressed that the Belarusian and Chinese private sectors are getting more and more open to each other. The first project with an enterprise from the list of Belarusian companies seeking Chinese investments has been implemented. RUP Institute Belgosproekt has been converted into a public joint-stock company (OAO) with equity owned by the Chinese company Beijing JianYi Investment and Development (Group) Co.Ltd. “Not much time has passed since the Chinese company has become a shareholder but positive dynamics in the work of the Belarusian company has already been registered. You can tell that by the structure of the assets and the growing portfolio of orders. It is now necessary to take the next steps, to mutually adjust the positions while keeping in mind what each side wants to get as a result,” noted the State Property Committee chairman.

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