The modernization program of the Orsha Flax Mill worth Br500 billion will be implemented by 2014

November 5, Vitebsk / Sergey Kochetov - BELTA /. More than Br500 billion from various sources is planned to be invested in the modernization of RUPTP "Orsha Linen Mill" in 2010-2013, Gennady Vyrko, Chairman of the Bellegprom concern, told a BELTA correspondent. The concern has prepared a draft program for the enterprise's modernization, which provides for a complete overhaul of equipment, technologies, and production capacities. The first stage of the program, costing over Br500 billion, is expected to be launched this year, the concern's head noted. Subsequently, if high-quality flax fiber is available, the enterprise will be able to start the second stage of modernization, the preliminary cost of which is estimated at Br650 billion. The program has been fully developed and is pending approval. Gennady Vyrko also reported that in 2011, across all enterprises of the concern, it is planned to increase the volume of investment in fixed assets by approximately 17% compared to 2010, to Br430 billion. Currently, Bellegprom is implementing a large-scale program for the modernization of enterprises, primarily in the textile and leather processing industries, scheduled until 2015. Based on the results of the 9-month period, the net profit of Bellegprom enterprises increased by approximately 12 times compared to the same period in 2009. The growth in production output was almost 15% at comparable prices, the profitability of sold products was 11.6%, and the energy saving indicator is also being met, the concern's chairman added. In Vitebsk, Gennady Vyrko participated in an exhibition of products from the concern's enterprises, organized at the Vitebsk State Technological University, as well as in a working meeting between the Chairman of the Regional Executive Committee Alexander Kosinets and the heads of the region's light industry enterprises. -0-