Belaz

What Belaz does

BELAZ (OJSC "BELAZ" – Management Company of Holding "BELAZ-HOLDING") is a Belarusian state-owned manufacturer of heavy mining dump trucks headquartered in Zhodino, Minsk Oblast. Founded in 1946, the company is the world's largest producer of large-payload mining dump trucks, offering 15 payload classes from 30 to 450 tons across more than 500 model modifications, including the record-setting 450-ton BELAZ-75710 listed in the CIS and Europe Records Books. Its product portfolio spans mining dump trucks with hydromechanical and electromechanical transmissions, plus complementary equipment: cross-country trucks, loaders, bulldozers, underground mining vehicles, metallurgical and special-purpose vehicles, railway freight cars, and, since 2023, a 200-ton hydraulic excavator. Recent launches extend into battery-electric (BELAZ-7558E), hybrid (7513M), hydrogen fuel cell, gas-piston, and diesel trolley-truck powertrains, alongside a pilot autonomous unmanned haul-truck program using 5G and AI-based task planning.

BELAZ sells primarily through a global dealer network spanning 80 countries and 34 certified service centers, augmented by direct enterprise sales to large mining operators such as Coal India, Russian mining majors, and CIS government entities. Hardware sales of trucks, spare parts, and components dominate revenue, supplemented by service maintenance, staff training, equipment financing/leasing, and industrial tourism at the Zhodino plant. Pricing is quote-based, tied to payload class, transmission, and configuration. Geographically, more than 50% of supplies historically flow to Russia (~57% average distribution), with Uzbekistan (~11%) and the United Kingdom (~9%) as the next largest markets. The company operates as the parent of BELAZ-HOLDING, which manages wholly owned subsidiaries including Mogilev Automobile Plant (MAZ), OJSC Kuzlitmash, CJSC Mogilev Wagon Works, and OJSC MZOR, with the Belarusian State as ultimate owner.

Name

Belaz

Legal name

OJSC "BELAZ" - Management Company of Holding "BELAZ-HOLDING" (ОАО «БЕЛАЗ» — управляющая компания холдинга «БЕЛАЗ-ХОЛДИНГ»)

Website

https://belaz.by

Company type

Private

Founded year

1946

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

BELAZ is a Belarusian state-owned manufacturer and the world's largest producer of heavy mining dump trucks, offering 30- to 450-ton payload classes sold primarily to large mining operators and CIS government customers across roughly 80 countries.

Ownership category

akta.pro rank

Product category

Heavy Mining Equipment

NAICS

Mining Machinery and Equipment Manufacturing (333131), Agriculture, Construction, and Mining Machinery Manufacturing (3331), Heavy Duty Truck Manufacturing (33612)

SIC

Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Mining & Quarry Haulage Vehicle Manufacturing (Dump Trucks/Haulers) (IMACAFAC)

akta.pro secondary industries

Off-Highway Trucks & Haulage Vehicles (IMAHAIAA), Surface Mining Equipment (Excavators, Shovels, Draglines, Dozers) (IMAKANAA), Mining & Underground Vehicles (LHDs, Underground Haul Trucks) (IMAHAIAD)

Keywords

• Heavy mining equipment
• Mining dump trucks
• Quarry haul trucks
• Earthmoving machinery
• Underground mining vehicles

Headquarters

HQ city

Minsk

HQ country

Belarus

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Infrastructure, Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Mining Dump Truck Sales: Primary revenue from manufacturing and selling mining dump trucks with various payload capacities (30-450 tons), transmissions (hydromechanical and electromechanical), and configurations (standard, coal, lightweight bodies)
2. Spare Parts and Components: Sales of replacement parts, components, and consumables for BELAZ equipment through dealer network
3. Service and Maintenance: Service maintenance, staff training, and technical support through 34 certified service centers globally
4. Financing Services: Equipment financing and leasing services offered to customers
5. Industrial Tourism: Factory tours and industrial tourism experiences at the Zhodino plant

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

BELAZ manufactures and sells heavy mining dump trucks with payload capacities from 30 to 450 tons, offered with hydromechanical or electromechanical transmissions. The company also produces related heavy equipment for mining, construction, metallurgical, and special-purpose applications, along with spare parts, lubricants, garage equipment, driving simulators, and global service and financing support.

Product overview

BELAZ (Belarusian Automobile Plant) is the world's largest manufacturer of heavy mining dump trucks. The product portfolio centers on карьерные самосвалы (mining dump trucks) with payload capacities ranging from 30 to 450 tons, utilizing either hydromechanical or electromechanical transmission systems. The core product lines include the 7540/7555 series (30-60 tons, hydromechanical), 7558/7513/7518/7530/7531 series (90-240 tons, electromechanical), and the flagship 75710 with 450-ton capacity. Beyond dump trucks, BELAZ produces cross-country trucks, loaders, bulldozers, underground mining vehicles, metallurgical vehicles, railway freight cars, and special-purpose machines. The ecosystem includes supporting offerings: driving simulators for operator training, BELAZ G-Profi branded lubricants, garage equipment (GARO), and a global service network of 34 certified centers. Recent innovations include electric (7558E), hybrid (7513M), and hydrogen fuel cell variants, plus robotic autonomous truck technology for intelligent mining operations.

Differentiator

Problem solved

Functional benefit

Products and services

• BELAZ-7540 Series Mining Dump Trucks

Quantifiable outcome

• Up to 20% cost reduction and 90-95% safety incident reduction with autonomous haul trucks
• +1 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature6 records

Partnerships

Six partnerships are on record, tiered core.

• Russia Chukotka Autonomous AreacoreStrategic or Co-development Partner · 29 March 2026Russia's Chukotka Autonomous Area intends to purchase RUB3 billion worth of Belarusian vehicles, machines, and equipment by 2030. The planned procurement includes MAZ trucks, MTZ tractors, and Amkodor equipment for municipal and mining industry needs. BelAZ dump trucks potentially needed for the Baimka ore zone once its design phase concludes.
• Uzbekistan GovernmentcoreStrategic or Co-development Partner · 12 March 2026Belarus considering establishing BELAZ mining equipment assembly line in Uzbekistan to partially localize production and transfer technological expertise. Project part of bilateral cooperation strategy covering trade, investments, and joint initiatives. Bilateral trade reached US$855 million in 2025 (34.8% increase).
• Tatarstan RepubliccoreStrategic or Co-development Partner · 17 February 2026BelAZ signed strategic cooperation agreements with several Tatarstan companies. Minsk Oblast and Tatarstan signed 2026-2027 cooperation plan covering trade, economic, scientific, technical, social, cultural, and humanitarian areas. Trade between regions exceeded $180 million.
• Hi-Tech Park CompanycoreTechnology or Integration · 10 February 2026BelAZ partnered with a firm in Belarus Hi-Tech Park to develop autonomous unmanned haul trucks. Partnership creates fully national product combining both hardware and software. Pilot project ongoing in Russia's Republic of Khakassia since 2019.
• Coal IndiacoreChannel Partner/ Reseller/ Distributor · 7 February 2026Belarus set to supply additional 20 BelAZ mining dump trucks to India under long-term contract. Trucks operating at facilities run by Coal India, India's largest coal producer. Negotiations continuing for tractor assembly plant in India.
• Minsk Tractor Works (MTZ)coreStrategic or Co-development Partner · 7 February 2026Partnership with MTZ for establishing tractor assembly plant in India in cooperation with Belarusian Industry Ministry. Joint initiative to expand Belarusian industrial presence in Indian market.

Scale indicators11 records

Recent moves9 records

Expansion highlights5 records

Emerging players

• Epiroc: Swedish OEM focused on mining and infrastructure equipment, with underground loaders and trucks (e.g., Scooptram ST18) and surface drilling. Comparable to BelAZ's underground LHD product line and a partial overlap in surface mining support equipment.
• SANY: Chinese heavy equipment manufacturer entering ultra-class mining trucks (e.g., SRT95C and larger). Competes with BelAZ on price in emerging markets, and like XCMG is part of the broader Chinese OEM push into CIS and developing-country mining.

Direct peers

• Hitachi Construction Machinery: Produces the EH series of ultra-class mining dump trucks (EH3500ACII, EH4000ACII, EH5000) up to 296 tons. Directly comparable to BelAZ's 90-360 ton offerings for open-pit copper, coal, and iron ore mines.
• Komatsu: Japanese OEM producing ultra-class mining dump trucks (930E, 980E) with industry-leading autonomous haulage (FrontRunner). Directly competes with BelAZ in coal, copper, and iron ore mines globally, and is a benchmark in commercial autonomous mining.
• Liebherr: Swiss-German manufacturer of the T 284 and T 274 ultra-class mining trucks (and the larger T 236 series under development). Competes with BelAZ in the 200-400 ton payload class for hard-rock and oil sands mining customers.
• XCMG: Chinese OEM rapidly expanding in mining trucks (XDE series) with 200-400 ton class offerings. Competes with BelAZ on price in emerging markets and CIS-adjacent geographies, and is the most likely challenger to BelAZ in Russia/CIS post-sanctions.
• Caterpillar: Global leader in mining and construction equipment; competes directly with BelAZ in the ultra-class mining dump truck market (Cat 793, 794, 797 series) for the same open-pit mining operators worldwide. BelAZ competes with Caterpillar in payload capacity (30-450 tons) and dealer/service reach.
• Terex Corporation: Manufactures rigid-frame mining dump trucks (TR100, MT 5500) in the 100-400 ton class. Direct competitor to BelAZ in the mid- and large-class mining truck segment globally, with a meaningful North American customer base.

Broad incumbents

• Volvo Construction Equipment: Swedish OEM in heavy construction and mining equipment, with articulated haulers (A60H) overlapping with BelAZ's cross-country dump trucks. Competes with BelAZ in mid-class mining/construction haulage but does not currently match BelAZ in ultra-class payload capacity.

Regional players

• BelAZ-7548 / Belkommunmash: Belarusian municipal and specialty vehicle manufacturer; part of the broader Belarusian state-owned industrial cluster alongside BelAZ. While not a direct competitor in mining trucks, it represents the regional industrial ecosystem (e.g., MAZ, MTZ) that BelAZ partners with for assembly and supply chain integration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UClYu8StGzopiVz0uG_cBw6w
• Xx.com/belaz_by
• LinkedInlinkedin.com/company/belaz

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Belaz