Posted: 16.03.2023 14:22:00

MMZ produced 50,000+ engines in 2022

This was stated by Minsk Motor Plant (MMZ) Director General Aleksandr Botvinnik in an interview with the Belarus Segodnya Publishing House

“We can proudly say that all established key performance indicators have been completely met. The growth rate of production volumes exceeded 140 percent. The production of engines increased by 11 percent, the production of special equipment rose by 84 percent. In 2022, the Minsk Motor Plant produced over 50,000 units of engines, the goals for profitability of sales and the amount of net profit received were fully achieved, enabling the company to increase wages by more than 20 percent,” noted Aleksandr Botvinnik.

2022 was the year of the expansion of the enterprise’s commodity distribution network, with new entities being opened in the Russian Federation, Kazakhstan, and Uzbekistan. Such steps have already yielded results: in 2022, exports to Kazakhstan increased by 1.4 times, those to Uzbekistan rose by 1.2 times.

“The past year as a whole was difficult, requiring the concentration of efforts of all MMZ services and divisions. New approaches in the enterprise’s innovation policy have been successfully implemented which generated its results. Well-coordinated work of the MMZ team, focus on new markets, and large-scale marketing policy enabled us to finish the year with indicators of socio-economic development that are superior in all respects,” he added.

The economic result of the last year was a significant increase in export sales which totalled 123 percent. The company’s export portfolio was replenished with new markets: Georgia, Turkmenistan, Mongolia, Türkiye, Zimbabwe, Benin and many new partners in existing markets.

“Systematic work has been set up to diversify products and implement a marketing strategy aimed at expanding the model range and increasing sales volumes of special equipment: diesel generators, diesel pumping units, compressor stations. The volume of sales of these products more than doubled,” summed up Aleksandr Botvinnik.