OJSC "Orshaagroprommash" will establish a joint venture for the production of reversible plows

March 27, Vitebsk / Diana Kurilo - BELTA /. The Vitebsk Regional Executive Committee and the Orsha City Executive Committee are developing a plan for the development of industrial enterprises in Orsha, as reported today at a meeting of the Vitebsk Regional Executive Committee by its Chairman Alexander Kosinets, BELTA correspondent reports. In particular, the management of OJSC "Orshaagroprommash" has been instructed to develop a business plan for the creation of a joint venture for the production of reversible plows in the shortest possible time, as well as to work with OJSC "Amkodor" on the creation of a joint production of a 25-ton vehicle. "It is time for industrial enterprises to move from the production of components to the development of finished competitive products," emphasized Alexander Kosinets. The executive authorities are concerned about the current state of affairs at open joint-stock company "Orshaagroprommash", republican unitary enterprises "Orsha Tool Plant", "Krasny Borets", "Orsha Flax Mill". According to the chairman of the regional executive committee, insufficient work is being done here to develop innovative production, attract investment, develop a product distribution network, and master new types of consumer goods. For example, the growth rate of production volumes at the enterprises "Orshaagroprommash" and "Orsha Tool Plant" for January-February was 59.6% and 76.2%, respectively. Product inventories at the tool plant exceeded 7 average monthly production volumes. In general, in the region in January-February 2009, the industrial complex of the region produced industrial products at current prices worth Br2853.4 billion. The growth rate at comparable prices was 107%. By the decision of the Vitebsk Regional Executive Committee, the heads of enterprises are instructed to create analytical groups for strategic planning and price monitoring within April, as well as to develop a development strategy for economic entities, paying special attention to their accelerated technical re-equipment with the involvement of foreign investment and foreign credit lines, the creation of joint ventures, and the implementation of innovative technologies. -0-