JSC "Invet" intends to increase its annual revenue by almost Br5 billion through technological re-equipment.

June 23, Vitebsk / Diana Kurilo - BELTA /. Open Joint Stock Company (OJSC) "Invet" (Bigosovo, Verkhnedvinsk district, Vitebsk region), as a result of the technical re-equipment plan implementation, expects additional annual revenue of about Br5 billion, the enterprise informed a BELTA correspondent. The strategic goal of the joint-stock company for 2010-2015 is to ensure the maximum possible utilization of production capacities by expanding the application of the rotational molding method and changing the product mix in favor of the most profitable ones. To achieve these goals, the third rotational molding line and molds for fuel tanks worth 670 thousand euros have been installed this year. This will increase the share of fuel tanks in the production volume from 31% in 2009 to 42% by 2015. MTZ and Gomselmash place orders for their production at OJSC "Invet". In addition, based on demand, the enterprise intends to increase the production of calf housing boxes. This year, it is planned to supply 8,000 boxes to agricultural enterprises of the region alone, and livestock breeders from the Krasnodar Territory of Russia are also interested in purchasing them. To increase the production of consumer goods, the enterprise has installed 4 domestically produced injection molding machines this year with a total cost of Br973 million and is completing the setup of a fifth foreign-made injection molding machine costing over Br400 million. In January-May of this year, the production volume growth rate at comparable prices was 122.2% compared to the same period last year. Production profitability exceeded 12%, and exports increased by 26% compared to the five months of last year. OJSC "Invet" is a city-forming enterprise. It produces traffic control equipment, products for vertical street landscaping, components for machine building, and consumer goods – about 200 items in total. The enterprise has implemented and operates the STB ISO 9001 quality management system.