The Bellegprom Group and the China Textile Machinery Association (CTMA) have signed a memorandum of agreement.
The two sides have reached mutual understanding and expressed readiness to develop cooperation in the textile industry.
Bellegprom views as promising the cooperation with the Chinese partners in equipment supplies and direct investment.
A delegation of the industrial and business circles of the People's Republic of China was in Belarus on a visit from 15-20 August at the invitation of the Bellegprom Group. The visit highlighted the issues related to the supplies of textile equipment and participation in the investment projects to upgrade the manufacturing capacities of the Orsha Flax Mill, Baranovichi Cotton Union, Mogotex.
CTMA unites 682 textile industrial companies and 16 subordinate agencies. CTMA also includes R&D establishments, marketing and sales departments, other structural divisions responsible for the textile industry development.