Nektorov, Saveliev & Partners (NSP) have successfully completed the procedures for the establishment of LLC Zoomlion-MAZ, a joint venture between MAZ (Belarus) and Zoomlion (China). Located in Belarus, the JV will produce heavy machinery, trucks and special purpose vehicles manufactured from Belarusian chassis with a Chinese superstructure.
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 matter was handled by a cross-jurisdictional team of lawyers led by NSP, including Marat Davletbaev, Ekaterina Znamenskaya, Ekaterina Pedo, Svetlana Morozova and other lawyers.
Zoomlion is a leading transnational company specializing 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.
Nektorov, Saveliev & Partners is a law firm specializing in major transactions in the field of corporate law, capital markets, L&DR and taxation.
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