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Belarusian automaker BelAZ to invest some Br400m in production development by 2025

Economy 06.11.2019 | 13:50

ZHODINO, 6 November (BelTA) – The Belarusian automobile engineering company BelAZ will invest about Br400 million in production development by 2025, BelTA learned from the company's Director General Piotr Parkhomchik on 6 November as the company commissioned a new painting line.

Piotr Parkhomchik
Piotr Parkhomchik

The executive said: “The money will be channeled into starting the production of hot-stamped ring blanks and a painting complex as part of the main assembly line. These three key facilities will require about $200 million. The work is supposed to be finished within limits of 2025.”

The holding company intends to develop not only the factory in Zhodino but other enterprises as well. They will receive investments to the tune of about Br135 million within the next three years.

Chairman of the Supervisory Board of OAO BelAZ, Chairman of the Council of the Republic of the National Assembly of Belarus Mikhail Myasnikovich awards Piotr Parkhomchik
Chairman of the Supervisory Board of OAO BelAZ, Chairman of the Council of the Republic of the National Assembly of Belarus Mikhail Myasnikovich awards Piotr Parkhomchik

Speaking about the newly commissioned line for pretreating and painting parts and components of mining vehicles with the carrying capacity of 90-450 tonnes, Piotr Parkhomchik said he was confident the new equipment will make the company more competitive. Robots will help take care of paintwork now. The modernization of all painting complexes of the factory is supposed to be finished within the next 2-3 years.

Belarusian BelAZ commissions new line to paint parts of haul trucksBelarusian BelAZ commissions new line to paint parts of haul trucks
The investment project to commission the new painting line cost Br35 million. It is part of a large-scale modernization program. Mikhail Myasnikovich pointed out that the company had managed to commission the new line using its own profits without taking out loans.

Headquartered in Zhodino, Minsk Oblast, the public joint-stock company (OAO) BelAZ is the managing company of the holding company BelAZ. BelAZ is the world's leading manufacturer of haul trucks with a large carrying capacity and an extremely large carrying capacity. BelAZ occupies about 30% of the world's market of haul trucks with an extremely large carrying capacity. BelAZ products are exported to more than 80 countries. The company also makes the world's largest truck with the carrying capacity of 450 tonnes.

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