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[BelTA] - Investment projects, realized at Byelorussian Steel Works are in the world level.

Investment projects, realized at Byelorussian Steel Works are in the world level. Prime Minister of Belarus Mikhail Myasnikovich said about this to journalists.

The head of the government was acquainted with the process of large investment projects realization in OJSC “Belshina” and OJSC “BMZ” during his working visit to Mogilev and Gomel regions. “In future these projects will define the Byelorussian economics, - considers the Prime Minister. – Such important projects with huge scope of investments may give response in the shortest period”.

In OJSC “Belshina” step-by-step modernization of all three plants continues without stop of production. The Prime Minister underlined that investment projects realization will bring tire production to the world level on quality.   

Mikhail Myasnikovich was acquainted with the process of new bars and wire rod rolling mill construction in OJSC “BMZ”. Production of rolled bars and wire rod will help to get rid of sale of casting billets and blooms, and to make production with higher added cost. This project costs 330 million Euro.         

"Nowadays, BMZ sales 19,5% of steel in the form of blooms – said Mikhail Myasnikovich. – Start up of innovative production of bars and wire rod rolling mill has huge perspectives”.     

In conversation with BELTA correspondent, General Manager of Open Joint Stock Company "Byelorussian Steel Works - management company of "Byelorussian Metallurgical Company" holding" Anatoly Savenok mentioned that 9 investment projects are carried out nowadays; their aim is to increase the scope of production and the depth of processing, and also infrastructure supply of extended production. There’s active phase of reconstruction of the following objects: electric arc furnace №1, continuous casting machine №2, lime kiln №3. The most important project for five years period is the construction of bars and wire rod rolling mill with the output 700 thousands tons per year and in future – 1 million tons per year.  Total construction period of this big object is 28 months. Startup is planned in December, 2014. Engineering building has built and soon the mounting of the first equipment will begin. The sources of financing are the following: own funds of BMZ, credit resources of Eurasian bank of development and OJSC “Belarusbank” under warranty of Belarus government.

During Prime Minister visit to OJSC “BMZ”, the fulfillment of the main target activities of social and economic development for 2013 was discussed. It was mentioned that positive dynamics of production increase was achieved.             

As for geography of production export, it was not changed significantly but the structure of steel production supply was transformed. According to 6 months results of the current year, export structure is the following: 1-st place – Russia (38% against 29,2% for the same period of the last year), 2-nd place – Turkey (8,6%), 3-d – Germany   (5,8%). As Mikhail Myasnikovich said, it is right, we should trade with those countries, where it is more profitable.    

"Till the end of the five year period, we will pull our industrial giants up, - Prime Minister said with confidence. – It will compensate shortage in machine building, as there’s volume decrease of steel and technical equipment in world markets. If we make economy of different volumes (large, middle, private, state), it will be stable. 

Previous years a lot of attention in Belarus was paid to the social sphere development.  “Now we should pay attention to the real sector of economy and first of all to industry, - pointed the leader of the government. – We shall continue to optimize costs in budget sphere and in 2014 we shall pay more attention to material production sphere.”       

Mikhail Myasnikovich instructed to single out the most important up-dated productions and volumes from the total quantity and to pay them first-priority attention.  

BelTA  

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