Impressive scale of intentions

China to allocate around $300m for investment projects in Belarusian light industry

A memorandum has been signed between Bellegprom Concern and China Zhongyuan Engineering Corporation (CZEC) regarding the construction, reconstruction, equipment and launch of production capacities at four domestic enterprises. It envisages the construction of a new building at Kamvol JSC to manufacture worsted cloth at the highest technical level, meeting the world’s best standards. This is set to cost $114m.

Minsk’s Luch JSC (a footwear factory) is to move to the capital’s industrial zone, in line with the general development plan for the Belarusian capital. Footwear made under the famous trademark (around 3m pairs per annum) is to be produced in a new building, with the project costing $41m. The Light Industry Centre of Belarus is also being constructed by the Chinese company on this site, requiring $50m. Meanwhile, contemporary fur facilities are planned, with a fur farm built on the premises of Vitebsk’s Fur Factory, costing around $70m.

China’s Zhongyuan Engineering Corporation is to act as the general contractor for each project, performing all necessary works and services. They will construct all buildings and find and select appropriate suppliers of equipment and technologies, while installing equipment, training personnel and giving ‘turn-key’ facilities to Bellegprom.

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