Mogilevkhimvolokno is about to commission a new production facility with an annual capacity of 80,000 tonnes of polymers, Director Alaxay Galinski told Interfax.
In his words, the facility will enable the company to cut production costs by 15%.
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.
In January-July 2007 the company produced BYR 363 billion worth of goods, or 10.1% up on the year. Consumer goods output grew 5.3% to BYR 9.9 billion. over the period in question the company exported $114.5 million worth of goods (35.2% up).