Russian agricultural equipment company Rostselmash plans to launch an assembly plant for its harvesters in Azerbaijan in 2020, the company’s general director Valery Maltsev has told Interfax.
“So far, we have signed an agreement of intent. We are currently negotiating with one of the partners in Azerbaijan. The market there ranged from 150 to 300 combines in different years. We plan to launch a machine assembly project in 2020. We expect to assemble 40-50 combines in 2020, and then we’ll take it from there,” Maltsev said.
Rostselmash and local carmaker Azermash signed an agreement of intent at the Russian-Azerbaijani forum held in Moscow last month. The deal provides for the establishment of a joint assembly plant in Azerbaijan. Over the past 10 years, Rostselmash has delivered about 400-grain harvesting machines to the Caucasus country.
The Rostselmash combine plant, along with 12 other enterprises, is part of the largest Russian manufacturer of agricultural machinery and equipment that produces equipment under the Rostselmash and Versatile brands. The product line of the group includes more than 150 models and modifications of 24 types of equipment, including grain and forage harvesters, tractors, sprayers, fodder, and grain processing equipment.
In February 2019, the Azeri Sumgait Technologies Park also signed an agreement on cooperation and organization of relations with Rostselmash.
Azerbaijan is one of the main economic partners of Russia among the CIS countries and Russia remains one of Azerbaijan’s main foreign trade partners. About 760 companies with Russian capital operate in Azerbaijan.
