Glubokoye meat processing plant plans to invest over Br13 billion in fixed assets in 2010.

February 15, Vitebsk / Olga Bogacheva - BELTA /. OJSC "Glubokoye Meat Processing Plant" intends to invest more than Br13 billion in fixed assets in 2010, the enterprise director Anatoly Duk told a BELTA correspondent. It is planned to direct investments to the reconstruction of the meat processing facility, the purchase of equipment for packaging semi-finished meat products, as well as technological lines for slaughtering pigs and cattle in the primary animal processing shop. Business plans for these investment projects are currently being developed. Their implementation will allow the meat processing plant to significantly increase production capacity, as well as, in accordance with the constantly growing requirements of the Russian Technical Regulations, to significantly improve the quality of meat products, the head said. It is planned to complete these production modernization measures in 2011. Last year, the enterprise produced products worth Br11.8 billion, which is 15.7% higher than in 2008. The energy saving indicator was minus 14.5%, and the sales profitability was 3.2%. Products worth $2.7 million were exported, which is 176% of the previous year's level. The significant growth is due to increased supplies to Russia, which receives 30% of the meat. Hides and skins are supplied to Italy, Great Britain, Estonia, Lithuania, Germany, Scotland, and Moldova. Investments in fixed assets last year amounted to Br4.4 billion. Glubokoye Meat Processing Plant was founded in 1936. It was incorporated in 1997. It specializes in the production of sausages, dry-cured products, and meat. The product range includes about 250 items. The total number of employees is over 620 people. -0-