"Bobruiskagromash" and "Promagroleasing" signed a memorandum of cooperation

On November 6, 2018 in the town of Bobruisk (Mogilev region, Republic of Belarus) a Memorandum of Cooperation and Strategic Cooperation was signed between OJSC Promagroleasing (Minsk) and OJSC UKH Bobruiskagromash (Bobruisk).
The bilateral memorandum was signed by the parties during the visit of the delegation of OJSC Promagroleasing, headed by General Director Oleg Sukhikh at Bobruiskagromash OJSC. The main objectives of this document were the establishment of close partnerships, the development of long-term and effective strategic cooperation, the development of the leasing services market in Belarus, as well as the expansion of the export geography of agricultural equipment produced in Belarus.
On the part of Promagroleasing OJSC, the memorandum was signed by the general director O.V. Sukhikh, and on the part of UKKH Bobruiskagromash, by the general director A.Sheremeyev.
The validity of this Memorandum is calculated until the end of 2019. Its signing was a new stage in the development of business relations between the Parties, the foundations of which were laid more than 15 years ago when the Promagroleasing leasing company was founded.
Already, by the end of this year, OJSC UKKH “Bobruiskagromash” plans to supply Belarusian farmers on the terms of domestic leasing through OJSC Promagroleasing of agricultural equipment in the amount of more than 16 million rubles. The parties are actively developing the international leasing segment. Currently, projects of leasing agreements with end users in the Russian Federation, Kazakhstan, Uzbekistan, Mongolia and some other countries for several million dollars are in varying degrees of implementation.
In 2019, the parties plan to expand the geography of using the international leasing scheme offered by OJSC Promagroleasing when supplying Bobruiskagromash equipment primarily to countries in Asia and North Africa.
FOR REFERENCE: Bobruiskagromash Holding Management Company OJSC (www.bobruiskagromach.com) was founded in 1974. The company produces more than 80 items of agricultural machinery for fertilizing, harvesting and distributing feed, harvesting flax, trailed vehicles, etc.
OJSC Promagroleasing (www.pal.by) - OJSC Promagroleasing has been operating in the leasing services market of Belarus since 2001. Today the company is one of the leading leasing operators of the Republic of Belarus.