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09 November 2022, 18:16

Ambitious plans of Belarusian National Biotechnology Corporation revealed

An archive photo
An archive photo

MINSK, 9 November (BelTA) – Once the manufacturing facilities are fully operational, revenue per employee of the Belarusian National Biotechnology Corporation will reach $400,000. Vasilina Akhramovich, Director for Economy and Finance at the private joint-stock company (ZAO) Belarusian National Biotechnology Corporation (BNBC), mentioned it in an episode of the project After the Fact: Lukashenko's Decisions on BelTA's YouTube channel.

Vasilina Akhramovich said: “We intend to accomplish ambitious tasks. Even during the first year, at the start we secured rather good economic indicators. The share of export in our earnings is already 70%. It is a very good start. It is something we intend to accomplish during this year. Once fully operational, the project will generate about $400,000 per employee. To compare: projects of the future, which are assessed by the Economy Ministry, can have $60,000 per employee. We intend to accomplish colossal, ambitious tasks.”

BelTA reported earlier that on 4 November Belarus President Aleksandr Lukashenko visited the Belarusian National Biotechnology Corporation as the company officially launched the production of compound feed and amino acids.

The BNBC has been working in pilot commercial operation mode up till now. The plants demonstrated a good result, including a financial one.

Manufacturing facilities of the corporation have been gradually commissioned since December 2021. In July the BNBC started gradually increasing its output to the full output capacity. Proceeds from sales, including sales of products of its own manufacturing, exceeded $100 million in January-September.

Aleksandr Lukashenko remarked: “This manufacturing facility will address a number of important economic tasks. The first one is to provide the animal husbandry industry with the necessary combined feed and amino acids. It will allow minimizing import and increasing the export that we need. Secondly, it will create new jobs. I am told that the corporation already employs over 1,700 people. Those are good jobs and the average salary is close to Br2,000. But it was promised to me today that soon you will get the level of salaries I set even before construction began: Br2,500. And that is not the limit! You have quite a good benefits package, too. There are many job openings. And although your workers are young, but they are sensible, smart, and goal-seeking people.”

“The key task the management has to accomplish is to ensure steady, effective operation of this magnificent and very promising enterprise. The management also has to find partners both on the home market and foreign ones,” the president added.

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