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Economy
26 October 2020, 19:29

BelAZ expects recovery of world coal market, increase in vehicle output

BelAZ
BelAZ

ZHODINO, 26 October (BelTA) – The Belarusian heavy truck manufacturer BelAZ expects the world coal market to recover and expects more vehicles will be made, the company's Director General Sergei Nikiforovich told BelTA on 26 October.

Sergei Nikiforovich
Sergei Nikiforovich

The executive said: “This year several factors relating to the decline in output are at play. The pandemic is primarily to blame. Prices for metallurgical coal, power plant coal are decreasing. A certain revival of this market is visible today. We expect that the output of industrial products will increase as well.”

In his words, today just like any other day BelAZ operates as usual, the workers are at their workstations.

Daily assignments have been given. The quotas are met in full. The company honors all the commitments specified by individual contracts and the collective employment agreement. The workers also do everything they are supposed to do in accordance with the contracts, the director general assured.

Sergei Nikiforovich stated that BelAZ workers had not certainly called for strikes. “Information is planted in social networks and Telegram channels by people, who have no idea what our enterprise is, how the administration system works, and how work is organized at BelAZ,” he believes.

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