Mogilevliftmash UE boosted elevator exports by 31.3% 2007 to a total of $109.5 million, a company representative told Interfax.
The source attributes the growth to an expansion of exports to the Russian Federation, Azerbaijan and Kazakhstan. In 2007 Russia accounted for 71% of the company's exports, the source reported.
Over the period in question Mogilevliftmash produced BYR 270.5 billion worth of goods, or 24% up on the year. Consumer goods output rose by 7.3% to reach BYR 20.4 billion.
Mogilevliftmash produced seven thousand units of elevating equipment of different modifications, the source specified.
The source attributes the rise in production volumes to the upgrade of production facilities. In 2007 as much as BYR 17.5.5 billion has been tied in fixed capital investments (16.3% up).
The large-scale facility retooling campaign not only facilitated a surge in production and exports, but also made it possible to expand the product range and launch new elevator series. New products accounted for 53.8% of the range.
Mogilevliftmash makes a wide range of passenger elevators (400-1,000 kg), cargo elevators (100-5,000 kg), cargo-passenger, hospital and specific elevators. Besides, the enterprise rolls out equipment and components for replacement and modernisation.