JSC "Vitebsk Carpets" is establishing a joint venture in Ukraine

October 6, Vitebsk / Diana Kurilo - BELTA /. Vitebsk Carpets OJSC is establishing its first joint venture in Ukraine, Deputy General Director for Commercial Affairs Sergey Kolesnik told a BELTA correspondent. The Belarusian-Ukrainian JV will specialize in the sale of tufted carpet products. It is planned that the sales volume will amount to over 300 thousand square meters of tufting per month. The enterprise will start operating by the end of the current year and will allow Vitebsk Carpets to maintain its position in the market of this country, Sergey Kolesnik is confident. However, this is not the only way to increase sales volumes. The expansion of the branded retail network, both domestically and abroad, is another form of working with customers. By the end of October, the second branded store of Vitebsk Carpets in Russia will open in Dzerzhinsk, Nizhny Novgorod region (the first was opened in Smolensk 10 years ago. - BELTA note). Vitebsk weavers are also actively creating a dealer network and working with wholesale buyers in Moscow, Latvia, and Moldova. For example, there are 40 dealers of the enterprise operating in the Russian Federation. Wholesale buyers in Kazakhstan, Tajikistan, and Kyrgyzstan have switched from one-time supplies to regular shipments this year. According to Sergey Kolesnik, the possibility of expanding the product distribution network in Siberia is currently being studied. The volume of export supplies in January-September of the current year in physical terms increased by 6.7% compared to the same period last year. Approximately two-thirds of carpets and carpet products are sold abroad. Stocks of finished products amount to 95% of the average monthly production volume. The growth rate of commodity output for the nine months of the current year exceeded 104%. The enterprise was founded in 1947 and transformed into an OJSC in 1994. It is an enterprise with mixed ownership without foreign participation, with the state holding a predominant share (51.1%) in the authorized capital. Currently, Vitebsk Carpets has mastered all types of machine-made products, from synthetic tufted carpets to high-density woven carpets with hand-cut relief patterns. The color palette can consist of eight colors. -0-