Nektorov, Saveliev & Partners (NSP) has assisted with the establishment of LLC Zoomlion-MAZ, a joint venture between MAZ (Belarus) and Zoomlion (China). The JV, which is located in Belarus, will produce heavy machinery, trucks, and special purpose vehicles manufactured from Belarusian chassis with a Chinese superstructure.
Zoomlion specializes in the design and manufacture of high-tech machinery and specialized construction vehicles for the agricultural, construction, energy, and transportation sectors. Zoomlion has subsidiaries in over 40 countries, and it has more than 30,000 employees.
According to NSP, "the JV will allow Zoomlion to scale up production and enter new markets. MAZ and Zoomlion plan to produce 100 specialized vehicles in 2017, and more than 900 over a 5‑year period. The vehicles will be exported to Russia, Ukraine, Kazakhstan, the EU, the Middle East, Africa and Latin America."
The NSP team included Partner Marat Davletbaev, Senior Associate Ekaterina Znamenskaya, Ekaterina Pedo, and Svetlana Morozova, among others.
Image Source: en.zoomlion.com