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Lukashenko: Belarusian companies will overcome the industrial output recession

MOGILEV (BelTA) – Belarusian enterprises will be able to overcome the decline in industrial output. Belarus President Alexander Lukashenko made the relevant statement while talking to employees of the Mogilev-based lift manufacturer OAO Mogilevliftmash, BelTA has learned.

Alexander Lukashenko said: “There is progress. I think after today's talk we will move forward faster. We should overcome the recession that has happened, unfortunately. But due to factors outside our control. The situation was complicated but I can see that even in Mogilev Oblast things are looking up.”

The President said that he had come to Mogilev Oblast on that day in order to take a closer look at the situation in the region. “I wanted to see with my own eyes in what direction the city and its enterprises are developing. In the last few years we wanted to modernize the region several times. Many ideas were scrapped. Once again at the end of last year we decided in what direction we are going to develop our enterprises,” noted the head of state. “Last year we finished setting up industrial groups and holding companies. It allowed making more products of our own. I was interested in learning what is going on after all the measures have been taken.”

While visiting OAO Mogilevliftmash, Alexander Lukashenko heard out reports covering the development of the enterprise, the manufacturing of new products, and measures meant to bolster the company's competitive ability. The President was also made familiar with progress of the retooling campaign and with how lifts are made using modern technologies.

The head of state noted that Mogilevliftmash is an enterprise of national importance and should be vigorously developed. “We are going to save such enterprises whatever it may cost us. We are not going to shut them down, destroy them, sell them because these enterprises employ people, who know how to work. We are only going to raise the output of products that sell well on foreign markets. The prospects are great,” stressed the President.

OAO Mogilevliftmash is Belarus' only manufacturer that offers a wide range of cargo and passenger lifts in addition to lifting equipment for people with disabilities. The factory is growing successfully and has no problems with product sales. In H1 2016 Mogilevliftmash made 5,250 lifts, 600 lifts up from the same period of last year. The stock in storage is virtually non-existent. At present OAO Mogilevliftmash is busy implementing two investment projects that will allow the company to start making a new family of economy-class lifts, business-class lifts, and lifts for high-rise buildings. They will also allow the company to build manufacturing facilities to make escalators. These projects are supposed to be implemented by 2020.