Exports to pay for expenditure
By Maria Guseva
In 2010, Grodno Khimvolokno manufactured $120m of goods, with over 60 percent sold abroad — to Western and Eastern Europe, as well as America and Asia. Its major buyers were the processing companies of the tyre, machine-building, automobile and petrochemical industries. The company now plans to expand exports by more than 15 percent in coming years.
The enterprise’s technical development programme and modernisation has allowed it to preserve its market position while expanding sales abroad. One factory, manufacturing polyamide technical threads, is already operational, rivalling foreign analogues, while new types of goods are being developed. Among them are polyester threads for cord fabric and conveyor belts, threads for carpets and anide tyre cord, which is vital to Bobruisk’s Belshina JSC. Previously, this had to be purchased from abroad.
Grodno Khimvolokno is to continue its modernisation, as stipulated by its development programme for the coming five years. It plans to spend 120m Euros, raising industrial production by almost 170 percent and almost doubling exports. Profit from foreign economic activity should exceed $200m.