Mogilev Chemical Fibre Plant produced BYR 144.3 billion worth of goods in January-February 2008, or 19.5% up on the year, Interfax learnt from a company representative.
The output of consumer goods rose by 8.7% on the year.
They attribute the production increase to the company’s retooling and modernization efforts.
Also, the company continues implementing former investment projects and is getting ready to get registered as a resident of Mogilev Free Economic Area.
Mogilevkhimvolokno is one of Europe’s leading producers of polyester fibres and threads and the only manufacturer of polyethylene terephthalate in the CIS. It was established in 1968 and transformed into a joint-stock company in 2002.
99.95% of the equity capital belongs to state. The company employs about 13,000 people