Meeting the Challenges
December 21, 2018
On 20–23 June 2016 in the Republic of Belarus there was held the 5th Belarusian People’s Assembly where the areas for the country’s development have been determined and which marked the new stage of the nation’s life.
BELAZ actively works over the assigned tasks: production volumes are steadily increased, sales geography is extended, production technologies are updated, scientific organization of work is integrated and new prototypes of mining equipment are designed. The implementation of the major investment project "Construction facilities and increase of the volumes of production and sales of the mining dump trucks with the payload capacity of 90-450 MT" scheduled up to 2019 is continued at our enterprise.
The company’s work has resulted not only in the modernization of its production facilities but also in early achievement of the targets set by the 5th Belarusian People’s Assembly.
According to the programme of economic and social development of the Republic of Belarus for 2016-2020 the estimated growth rate of industrial output according to volume index (2016–2018) makes up 102,8–104,2%:
– The expected rate of production growth of BELAZ-HOLDING (hereinafter referred to as the Holding) in 2018 as compared to 2015 will make up 277,6%;
– By preliminary estimation the rate of production growth of OJSC "BELAZ" – Management Company of Holding "BELAZ-HOLDING" (hereinafter referred to as OJSC "BELAZ") will reach 270,2% (2018 as compared to 2015).
The growth of the fixed capital expenditures in 2018 as compared to 2015 is forecasted to reach the level of 168,0% (Holding) and 148,3% (OJSC "BELAZ") which is above the set figures (78 and 58,3 percentage points respectively).
According to expectations the rate of growth in exports of goods and services in 2018 as compared to 2015 will come up 256,6% (Holding) and 260,0% (OJSC "BELAZ"). These indicators have already been exceeded.
A number of other economic successes have also made the anniversary year 2018 a remarkable one for BELAZ. As early as in September 2018 the annual sales turnover already exceeded the annual level of 2017.
Even more, following the results of 11 months of 2018 BELAZ-HOLDING’s delivery volume exceeded 1 billion USD.
BELAZ is a Belarusian enterprise which makes a significant contribution to the development of the national economy. Our company introduces advanced technologies in a dynamic way, designs unique models of mining equipment, improves the training of its staff to make them able to solve the tasks set during the 5th Belarusian People’s Assembly, which have already been successfully fulfilled. It is BELAZ’s input to the social and economic development of our country.