Ready to receive proposals
By Anna Komarova
Belneftekhim presented investment opportunities at the Belarusian Investment Forum in Frankfurt am Main, on November 17th.
The Grodno Azot project requires an injection of almost $95m, the Mogilev Synthetic Fibre Plant requires about $20-25m while Rechitsa Textile needs about $4m. “We’ve selected these projects with the aim of finding direct investors for setting up joint ventures or similar — depending on investors’ proposals,” explains the Deputy Head of the Main Department for Promising Development and Investment at Belneftekhim, Dmitry Avrach. He adds that the most significant projects offered by his Concern’s companies have been selected.
Rechitsa Textile plans to launch production of various personal hygiene items as import-substitutes, saving the country much money.
The Belarusian State Concern for Oil and Chemistry (Belneftekhim) includes over 60 organisations, accounting for nearly 30 percent of Belarus’ industrial production. About 70 percent of its manufactures are exported — to over 100 countries worldwide.