The Belarusian Cement Plant (BCP, the town of Kostyukovichi, Mogilev Region) is transforming itself into a joint stock company by July 1 2007, the Ministry of Architecture and Construction told Interfax with reference to a board resolution.
As a joint stock company, the enterprise will find it easier to attract foreign investors to run large-scale projects. In turn, the investor can count on owning not more than 40% in the statutory capital.
The Belarusian Cement Plant produced BYR 31.2 billion worth of goods in January-April 2007, or 14% up on the year, a company representative told Interfax.
Over the period in question the company turned out 260,000 tons of cement, or 12.2% up on the year.
The output of cement packed in sacks (25, 50, 1,000 kg) made 41,500 tons, the source specified.
The Klimovichi branch of the enterprise produced 32.4 thousand tonnes of lime (43.8% up). All lime is sold on the domestic market, the source reminded.
Cement accounted for 95% of commodities produced by BCP.
In January-April the company exported 32.2 thousand tonnes of cement. 85% of the exports fell on the Russian Federation, the rest was shipped to the Baltic States. Domestic sales totalled 229,800 tons of cement (23% up).
As of May 1 the finished goods inventory made 0.6% on the monthly output, the limit being 20%.
The Belarusian Cement Plant is heavily involved in preparatory works for installing a new furnace. With the new furnace made operational in 2007, the company will be in a position to boost cement output by 500 thousand tonnes. The projected is funded by bank loans, innovation funds of the Ministry of Architecture and Housing Construction and the company's own assets.
By now they have tied in the project as much as BYR 2.2 in capital investments, the source said.
The company was set up in 1996. The staff counts 1,450 persons.