Serious projects — worth millions of Dollars
ZTE Corporation ready to invest in joint manufacturing enterprises at Chinese-Belarusian Industrial Park
By Andrey Fiodorov
Minsk recently hosted a meeting between Belarus’ Prime Minister, Mikhail Myasnikovich, and the ZTE Corporation’s Senior Vice President, the Head of ZTE’s Global Financial Centre, Shao Weiling. The latter underlined that the ZTE Board of Directors is keen to invest in Chinese-Belarusian Industrial Park manufacturing enterprises involved in high technologies and in information and communication technologies.
Mr. Myasnikovich noted that ZTE boasts ultra-modern manufacturing, catering to a significant segment of the market. The Belarusian Head of Government visited the Corporation in January 2014, seeing its capabilities first-hand. He asserts, “The company is now entering the Belarusian market rather confidently and the major projects being discussed are very welcome.”
Among such projects is an RFID system for monitoring logistics and the modernisation of infrastructure for the country’s largest state-run cable operator. The Belarusian PM notes that we already have appropriate legislation for the RFID system, with governmental resolutions passed to guide the new technologies aiding logistics and trade. He emphasised that both projects are being looked at holistically, regarding ‘intellectual capital and the possibility of the company becoming an investor’. Naturally, the projects are complex and expensive: estimated at $300m.
ZTE Corporation was founded in 1985 and is a global leader in manufacturing telecommunication equipment and in providing finished networking solutions. The Chinese corporation has been working on the Belarusian telecommunication market since 2001. ZTE supplies telecommunication equipment to Beltelecom, and GSM and 3G mobile phones to such mobile companies as Velcom, MTS, and Life, as well as Internet access equipment.