MTZ Cuts Russian Dealer Network Amid Export Slump

The Minsk Tractor Plant (MTZ) is revamping its Russian dealer network due to revised service and maintenance requirements. This change will lead to a reduction in the number of dealers.

Currently, MTZ has 89 dealers and five trading houses in Russia, accounting for 55% of the plant's exports by value. In the first half of the year, MTZ's revenue from Russian exports fell by 2%.

MTZ CEO Taras Murah noted that Russian farmers are under pressure from external factors, including a decline in grain exports and lower prices, limiting their ability to renew machinery. Despite this, the plant expects to increase exports by 2% for the year.