Chinese YTO tractors to be assembled in Azerbaijan

Baku, May 17, AZERTAC Chinese YTO tractors will be assembled in Azerbaijan`s Gusar district as local Stocking and Supply of Food Products OJSC signed a memorandum of understanding with YTO Group Corporation. Under the memorandum, 800 mid-size (18-40 horsepower) YTO tractors will be assembled in Azerbaijan per year. The tractors will be leased out to local farmers with a low interest rate through Agroleasing OJSC.