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23 March 2023, 18:41

Smorgon Assembly Plant to triple output by 2030

SMORGON, 23 March (BelTA) – Smorgon Assembly Plant, part of the holding company MTZ, intends to triple output by 2030, BelTA learned from Director of OAO Smorgon Assembly Plant Aleksandr Burko.

Aleksandr Burko said: “At present a business plan has been worked out, according to which we have to assemble 8,400 walk-behind tractors, 1,200 compact tractors and garden tractors, and 950 municipal vehicles this year. Those are our main compact vehicles. We intend to triple the output by 2030.”

The executive went on saying that bearing these plans in mind the company is busy acquiring new equipment, modern manufacturing lines, which do not require human assistance and yet enable the necessary output volumes. “At present our job is to build a modern painting and galvanization line. So far all the procedures have been completed, the equipment has been ordered and will be delivered to the enterprise this year. Only construction and installation work is left to do. I think this facility will become operational by the end of the next year,” Aleksandr Burko said.

He stressed that modernization will allow creating new jobs, improving the marketable appearance of the products, which will enhance the competitive ability on markets. “A contract will be signed soon on buying another four modern machine tools. I hope they will be delivered this year,” the director of the enterprise added.

According to Aleksandr Burko, in 2023 as a result of the business plan's implementation the company intends to hit several performance targets: output growth rate in physical terms – 108%, merchandise export growth rate – 104% as against 2022, sales profitability – 10%, and cost reduction – minus 1.7%. The enterprise intends to make products worth nearly B150 million, with the share of manufacturing cooperation shipments at 37.5%. Compact vehicles will account for 29.2% of the total output, tractors and machines – 28.4%, and spare parts – 4.9%. Fixed-capital investments are expected to reach Br8.23 million.

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