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19 August 2022, 17:49

Belarus' PM pledges support for processing companies

ROGACHEV DISTRICT, 19 August (BelTA) – It is wrong when processing companies have modern technology and huge investments, but cannot get enough raw materials, Belarus' Prime Minister Roman Golovchenko said as he visited Rogachev Milk Canning Factory, BelTA has learned.

The prime minister noted that the company's financial performance is not bad, which is encouraging. The performance can even be called impressive, given the fact that the company got a new chief recently. “The 10-fold increase in profit is absolutely stunning. The profit from the sale of products, or net profit, rose more than three times. Revenue grew at a slower pace, which shows that it is not manipulation with statistics, but effective work to cut costs,” the premier said.

“The enterprise is very advanced, its operation was scrutinized today: sales, exports, markets,” said Roman Golovchenko. “Demand is very stable, however it is held back by the lack of raw materials, namely milk. Such a problem persists in Gomel Oblast. It is wrong when you have such modern processing facilities, huge investments, but cannot get enough raw materials. Therefore, today we have discussed what we should do to ramp up milk production and improve milk quality in Gomel Oblast,” Roman Golovchenko said.

The government will work out a plan to build new facilities in the region. Perhaps there will even be 10-11 of them.

“However, first of all, we need to make sure that this scheme works, and most importantly, that this money will be used for its intended purpose and the investment will pay off within a certain period stipulated by the business plan. At the top of the production pyramid are processing companies, namely Rogachev Milk Canning Factory and the company in Kalinkovichi, there are two large private processors that are also doing pretty well financially, so we need to provide them with raw materials,” the prime minister concluded.

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