Byelorussian Steel Works

OJSC Byelorussian Steel Works
OJSC
Industry Steel
Founded 1984
Headquarters Zhlobin, Republic of Belarus
Area served
 Worldwide
Key people
 Anatoly Savenok (General Director)
Products Steel, metalware, pipe, tube, bloom, rebar, cord, fiber
Revenue Increase US$ 1,1 billion (2009)
Number of employees
 12,380 (2010)
Website www.belsteel.com

OJSC Byelorussian Steel Works (Russian: ОАО Белорусский металлургический завод, "БМЗ") is a Belarusian company operating in the steel industry, centred in Zhlobin. The main raw material of the enterprise is scrap. The enterprise’s product range includes: concast square steel billets, hot rolled round & square steel bars, rebars, hot rolled seamless pipe, high carbon wire rod, tyre steel cord, bead wire, hose wire, general purpose wire, steel fiber.

History

Belarusian Steel Works (BMZ) was constructed in accordance with the USSR Ministers Council decree to provide Belarusian enterprises with the bars utilize local scrap.

The task for the plant working out was confirmed by the USSR Ministry of Ferrous Metallurgy in November 19, 1982. In 1982 there was signed a contract with the Austrian firm Voestalpine for designing and " on key-basis " erecting of the metallurgical plant and all the necessary constructions for the annual output of 500 000 mt bars and 200 000 mt carbon and low alloyed concast billets.

The main sub-contractor was an Italian film Danieli. More than 30 firms of Federal Republic of Germany, Sweden, Italy, Hungary, etc. took part in working out the project, equipment supply and plant erecting.

The works began in May 1982. In October 1984 we had a good chance to witness the first heal and in November the rolled product in November 25, 1984. The second turn was put into operation in 1984, the third one - in 1991.

At present the plant has a possibility to produce 1 100 000 mt of steel, 250 000 mt of structural rolled product and 500 000 mt of bars. The major items of production consist of rebar, billet, channel, wire rod and cold heading wire rod. More than 50 alloyed and low-alloyed structural and carbon steel grades are produced by our plant. Two steel cord shops produce 50 000 mt of steel cord, 10 000 mt of brass bead wire and 10 000 mt of hose wire annually. Basic funds cost of the plant is 1 700 000 000 rubles.

In January 2012 the Belarusian Steel Works reorganized into stock company.

Production Union "Byelorussian steel works"

Production Union "Byelorussian steel works" was organized in 2006 by Ministry of Industry resolution.
OJSC "Mogilev metallurgical works"
JSC "Rechitsa metizny plant"

Offices

Outside the Republic of Belarus OJSC «BMZ» interests are represented by 8 joint ventures in Germany, Austria, United States, China, Lithuania, Czech Republic and Russia:

Criticism

First Deputy Prime Minister of Belarus Vladimir Semashko criticized the Belarusian Steel Works, which had failed to implement any large-scale investment projects for the last three years. The pace of investment growth in 2011 at the BMZ in 2010 decreased significantly.

In Juny of 2011 the Committee for State Security (KGB) had arrested BMZ former Director General Mikalay Andryyanaw; Alyaksey Nikifaraw, the active deputy director general in charge of economy and finance; and an aide to the director general.

According to some sources of information, the arrests were made after Alyaksandr Lukashenka's meeting with BMZ Director General Mikhail Savyanok. “It is most likely that Savyanok shifted the blame for BMZ’s economic problems onto the preceding management,” the report said, noting that KGB chief Vadzim Zaytsaw had been present at Mr. Lukashenka’s meeting with the BMZ director general.

In July 2011 Belarusian Steel Works (BMZ) has released a statement to deny reports that the Zhlobin-based company has been struggling to meet government-set performance targets. In the statement, the steel giant says that in the first half of this year its output increased year-on-year by 5.5 percent to 1,281,952 tons. The company's fixed capital expenditures topped 90 billion rubels, while a target of 64 billion rubels had been set. The profitability of sales totaled 12 percent and exports exceeded imports by $272 million.

References

    http://telegraf.by/en/2012/02/semashko-dengi-v-mire-est-ih-nado-vzyat
    http://naviny.by/rubrics/auto/2011/07/31/ic_news_259_373501/[]

    External links

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