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15 Jun 2018

Construction of Belgips’ new building materials factory in Minsk District to end in October

MINSK DISTRICT, 15 June (BelTA) – The construction of a new factory of Belgips Company in the town of Gatovo, Minsk District will be finished in October. The news was released by Deputy Prime Minister of Belarus Anatoly Kalinin as he visited the construction site on 15 June, BelTA has learned.

The general construction work is supposed to be finished in October. It will be followed by startup and commissioning operations. The new factory will need at least six months to start making construction materials then. “The government has no reasons not to trust the investor. We wish there were more investors like that, investors, who honor their commitments and implement complex, large-scale projects in the sphere of production of construction materials,” said Anatoly Kalinin. “It will be private property. The state will get taxes and jobs. The workers will get decent salaries. Apart from that, the investor has undertaken additional commitments and has built external engineering networks at this site at its own expense.”

The Russian company Volma was allowed to buy the state-owned package of shares in OAO Belgips in line with Belarus president decree No.34 of 16 January 2014. The sale was conditioned on the signing of the investment agreement on modernizing the existing enterprise of OAO Belgips and on building a gypsum-based construction materials factory in the town of Gatovo, Minsk District. The construction of the new enterprise began in October 2015.

Anatoly Kalinin described the investment project as very auspicious. “Several tasks will be accomplished within the framework of the project. First, the existing enterprise in the city will be modernized. Volma Corporation and the German company Knauf are building the new factory together. We stand to gain much from the arrival of the international company, which works on the construction materials market not only in Europe but also in Russia, Central and Eastern Asia. It means new markets, a modern distribution network, which will allow increasing the workload of the enterprise and exporting at least 70% of the output.”

Volma Chairman of the Board Yuri Goncharov said that the payback period of the new factory will be 14.5 years. “In line with the presidential decree we undertook to invest €43 million but we are about to reach €67-68 million. The additional money has been spent on external infrastructure. The initial project did not include a shop for making premixes. It is an import-substituting construction product. About €60 million has been invested already,” he said.

The new Gatovo-based factory will be able to make 30 million m2 of plasterboard sheets, 500,000m2 of partition blocks, and 120,000 tonnes of dry construction mixtures per year.

 

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