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Belarusian President Alexander Lukashenko has opted to make a business trip around Mogilev Region on Friday.

The head of state is set to visit Mogilevkhimvolokno Chemical Fibres Plant to learn more about the company’s financial position and the new projects to be launched in the near future, the president’s press service told Interfax.

At the moment, Mogilev Chemical Fibres Plant is mot free to make long-term plans, as the company heavily depends on imports for only 10% of the necessary basic materials are locally available.

The company is pinning its hopes for better raw stuff supplies to Belneftekhim Concern, which is set to run a dedicated project that would claim an estimated $470 million.

During his tour of Mogilev, the head of state is expected to pay a short visit to the College of Agriculture and Forestry.

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