Russian "EnergoInvest" intends to become one of the founders of OJSC "NovopolotskZhelezobeton"
09/12/20110 views
On December 9, Vitebsk /Diana Kurilo - BELTA/. The agreement on the establishment of the open joint-stock company "Novopolotskzhelezobeton" with the participation of a founder other than the state was signed today by the Vitebsk Regional Territorial Fund of State Property and the foreign investor - the limited liability company "EnergoInvest" (Russia), BELTA correspondent reports.
The founders agreed to establish OJSC "Novopolotskzhelezobeton" by transforming the republican unitary production enterprise "Novopolotskzhelezobeton" and to form an authorized capital of Br60,033 million, divided into 300,165 ordinary shares with a nominal value of Br200,000 each. The founders' contributions are distributed as follows: "Vitebskoblimushchestvo" contributes state property with an estimated value of Br29,416 million, which constitutes 49% of the authorized capital, and "EnergoInvest" contributes 110,133 million Russian rubles, which constitutes 51% of the authorized capital.
In addition, the Russian investor has undertaken obligations to modernize the existing production, install technological equipment for the production of reinforced concrete structures for panel-frame housing construction, complete the construction of a mini-CHP plant, preserve the personnel potential and jobs, and maintain the enterprise's profile.
The signing of the agreement was the result of direct negotiations, as only one application was submitted for the tender to select a founder of OJSC other than the state, and the tender was not held.
As told to a BELTA correspondent in an interview, the General Director of EnergInvest LLC, Alexander Shpundet, stated that the investor has already developed a business plan for 2011-2012, which envisages the modernisation of production for the output of reinforced concrete hollow-core slabs, an increase in the production volumes of reinforced concrete power line support posts, and the completion of the construction of a mini-CHP plant for combined electricity generation. As a result of the implementation of this plan, the joint-stock company will increase its sales revenue from Br44.6 billion in 2010 to Br176.5 billion by the end of 2012, with the specific share of exports increasing from 12.5% in 2010 to 40% by 2013. The investor intends to create 29 jobs. The implementation of this joint Belarusian-Russian project will allow for a 1.3-fold increase in tax revenues to the budget of Belarus. As emphasised by Alexander Shpundet, in the future, the investor intends to develop innovative projects at NovopolotskZhelezobeton, the first of which will be the production of permanent formwork based on glass-magnesite. The investor associates another prospect for the newly established OJSC with the creation of the frame housing construction industry, which includes not only the production of structures but also construction, as is done by combines engaged in large-panel housing construction.
According to the interviewee, a favourable business climate has currently been created in Belarus. "Transactions in Belarus are clean – the buyer is provided with complete information about the financial and economic condition of the enterprise. The actions of the authorities are transparent and understandable," he emphasised.
The Director of PRUP NovopolotskZhelezobeton, Valery Rabets, noted that the arrival of the investor will allow the enterprise to reach a new stage of development, upgrade its existing capacities, and enter the Russian construction markets. According to him, EnergInvest has proven itself to be a reliable partner – the enterprises have established business contacts in the construction of panel-frame houses in the Moscow region.
The NovopolotskZhelezobeton enterprise was established in 1959 and specialises in the production of 1.5 thousand types of precast reinforced concrete products, some of which have CE marking. Based on the results of January-October 2011, the enterprise achieved profitable operations.
EnergInvest LLC was registered in Moscow in 2008 and specialises in the development and implementation of energy-saving technologies in construction, and has participated in the creation of the panel-frame housing construction industry.In the Vitebsk region, eight state-owned enterprises were planned for corporatization this year. Three of them have already been transformed into OJSCs, with one, OJSC "BelVitunipharma," also involving a foreign investor.
Over the past four years, four enterprises in Belarus have been corporatized with the participation of foreign investors. -0-
BELTA