Mogilevliftmash UE boosted industrial output by 33.4% in January-May 2007 to reach BYR 102.5 billion, a company representative told Interfax.
Mogilevliftmash produced 2,543 units of elevating equipment of different modifications, which is 5.1% more than in January-May 2006, the source explained.
The total value of exports in the period grew 43.5% ($38.7 million).
The source attributes export growth of the upgrade of production facilities. In January-May as much as BYR 7.8 billion has been tied in fixed capital investments.
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 account for 30% 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.