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... Naftan modernization estimated at $2.5 billion Thanks to modernization Belarusian oil refineries intend to stay competitive in conditions of world oil prices, which Belarus will have to pay once the campaign to adjust the taxation of the Russian oil industry is over. The modernization of Mozyr Oil Refinery and Naftan is estimated at $2.5 billion. It will allow increasing the oil conversion ratio in addition to bolstering the country’s overall oil processing effectiveness.

... opened in Gomel. New glass furnace with innovative technologies will be able to reduce energy costs. The cost will be reduced thanks to the use of local materials: sand, chalk and recycled materials. Glass packaging for canned food, alcohol and dairy industry will be produced. Modernization will allow the company to enter international markets. It is planned to export a third of manufactured products.

... Lyashenko spoke about the key economic data in 2018. Thus, Belarus had economic growth of 3.5% and sold abroad over 60% of its industrial output. Commissioning of new facilities at modernized plants can secure economic growth in 2019. These include light industry and woodworking enterprises. The car factory BelGee is the main one in mechanical engineering industry. Among the economic risks in 2019 are Belarus’ losses amounting to about $400 million in the wake of the tax maneuver in Russia that may ...

Lukashenko deems necessary to speed up construction of industrial and logistics center in Orsha District Immediate return of Orsha Aircraft Repair Plant to stable operation with its consequent transfer to the state military industry, gradual transformation of the Orsha District into the largest industrial and logistics center in the east of Belarus. These were the strategic tasks set by the Head of State during his trip to the plant. The President heard out a report on the ...

Belarusian oil refinery working out promising development strategies untill 2025 Belarusian oil refineries are working out long-term development strategies until 2025, taking into account the oil market trends and forecasts. At present, the plant in Mozyr and the Naftan enterprise are undergoing a large-scale modernization, the main work on investment projects will be completed next year. Naftan envisages the possibility to redistribute production balance towards aromatic hydrocarbons in the future...

Kamvol modernization cost amounted to $110 million Today President of Belarus visited largest textile manufacturing enterprise Kamvol. This year, Kamvol completed modernization and began to make a profit for the first time in several years. Now it will be able to compete not only in the Russian market, but also in the Asian region and the EU countries. The President evaluated the updated workshops, got acquainted with the technologies that make it possible to obtain a high-quality product, and...

Erection of Nezhin mining and concentration complex activated in Belarus A new industrial cluster is being erected in Belarus – it is Nezhin mining and concentration complex in the south of the Minsk region. The company “SlavKali” plans to funnel 2 billion dollars in the project. Along with the mining plant, social facilities are constructed, in particular, a 40-apartment dwelling house in the town of Luban. The Nezhin mining and concentration complex is planned to be finished in 5-6 years. Up...

Belarus’ Industry Ministry commended for good performance in 2016 The government commended the performance of the industrial sector of Belarus in 2016. At the final board meeting of the Industry Ministry, Belarusian Deputy Prime Minister Vladimir Semashko stressed: ...