Thatta Cement Company Limited’s (PSX: THCCL) wholly owned subsidiary, Minsk Work Tractor & Assembling (Private) Limited (MWTA), has entered into an Exclusive Agreement with OJSC Minsk Tractor Works, Republic of Belarus, for the assembly and local production of BELARUS tractors in the Province of Balochistan.
The cement manufacturer announced the news in a notice to the Pakistan Stock Exchange (PSX) on Monday.
Under the terms of the Exclusive Agreement:
OJSC Minsk Tractor Works has granted MWTA the exclusive rights to assemble BELARUS tractors in the Province of Balochistan.
The project aims to promote local industrial development, job creation, and technology transfer in Balochistan by establishing a local tractor assembly facility.
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The agreement signifies a major strategic development for the Company’s subsidiary and is expected to have a positive impact on the long-term growth and diversification of the Thatta Cement Group’s business portfolio, the firm said.
