Фото: БМЗ
BMZ Director General Dzmitry Korchyk has set a goal of putting the plant on a stable financial and economic footing by the end of the first half of the year. He made the remarks during a meeting with staff from one of the company’s divisions.
“My main task is to pay your wages on time and in full and to fulfil all social obligations. Since the end of March, we have been increasing production volumes, and we plan to continue doing so in April. Overall, the company’s economic situation is improving, thanks both to your direct work and to the measures we are taking within the company to reduce unjustified costs. Our goal for the first half of the year is to put BMZ on a stable financial and economic footing. We have every opportunity to achieve this”, the BMZ press service quoted him as saying.
Korchyk noted that the beginning of the year had been difficult “in terms of production volumes” because of demand conditions for reinforcing steel.
“Our main product, reinforcing steel, is used mainly in construction. That sector is currently facing temporary difficulties, especially in our key markets.
To stabilise the situation at the plant, we have become more active and are gradually reclaiming our place in the domestic market. Let me give one figure: in 2020, our share was 30%; today it is more than 60%”, he said.
According to him, BMZ has an order portfolio for the second quarter, while orders for steel cord and wire are increasing.
“Demand for Belarusian reinforcing steel is growing, including in third countries. The construction season is beginning, and we expect an increase in the number of orders for pipes and wire. This is also confirmed by the management of our Trade House in Moscow”, he added.