In response to the implementation of the “One Belt and One Road” initiative, China's largest gearbox manufacturer Shaanxi Fast Gear Co., Ltd. has invested into the establishment of a gearbox manufacturing plant in the Republic of Belarus – Fast Transmission Europe LLC. The company was officially registered in the Great Stone Industrial Park on July 1, 2019. Thanks to the concerted efforts of a tight-knit team, the plant construction was completed in record time, and production was officially launched in October 2020.
Authorized capital: 16 million US dollars
Plant area: 2.87 ha, plant premises (including administrative building): 10,000 m2
Manufactured products: 6-16 speed gearbox assemblies
Production capacity: 10,000 gearboxes per year (if one working shift).
Target markets: countries of the Eurasian Economic Union, etc.
The main activities of the company:
① Manufacturing, sales and aftersales service of our own products.
② Sales and aftersales service of Shaanxi Fast Gear products (AT/AMT/products for electric transport/clutches/retarders)
The company's main shareholder – Shaanxi Fast Gear Co, Ltd.
· The world's largest producer of transmissions for commercial vehicles;
· The world's largest supplier of high-quality vehicle transmissions;
· Annual production capacity: over 1,2 million;
· Annual sales: over 20 billion RMB;
· World leader in manual gearboxes sales for 17 years;
· Market share in China: more than 70%.
Since the plant was launched in October 2020 Fast Transmission Europe has quickly conquered the market and doubled its production and sales volume in just two years. This was made possible by the company’s high-tech production and high-quality service concept. The products of the company quickly occupied the main share of gearbox market both in the Republic of Belarus and the Russian Federation. Acting as a reliable platform Fast Transmission Europe also promotes and sells Shaanxi Fast Gear products, including clutches, AT, AMT and gearboxes for electric vehicles, which are actively supplied to the countries of the Commonwealth of Independent States.
Unity, pragmatism, perseverance and innovation are the components of the corporate spirit of the Fast Group. Fast Transmission Europe has extended them to the Republic of Belarus and, tying them together with the hard work and wisdom of the Belarusian people, will continue to develop and multiply the corporate values of the Fast Group.
