OREANDA-NEWS. July 30, 2008. "The matter of share holding company formation or sale is not even discussed", — stated Nikolay Andrianov, General Director of PA “Byelorussian Steel Works” during the press conference in Minsk, reported the press-centre of BMZ.

He announced that "Russian metallurgical oligarchs are greatly interested in our plant and want to be concerned in a business". "But it does not mean that BMZ will be subject to share holding company formation or sold", added General Director. N. Andrianov has admitted that this matter can be solved by means of creation of joint venture.

As per information provided by N. Andrianov the possibility of construction of sheet rolling mill is discussed in Government and at BMZ. It is intended to start the construction at site near the existing production facilities. "At the moment we discuss it with the would-be partners in realization of this project. Some Russian, German and Korean companies are interested in this project. But it is necessary for us to find a partner who has both a funds and source of raw materials", thinks N. Andrianov. At the same time he has admitted that the decision concerning the partner for project realization will be made by the Government.

N. Andrianov has informed that project crediting was discussed with the top management of some British and Austrian banks. The fulfillment of the project will require 2—2,5 billion dollars. "We expect the official approval of the project by the President and Government in 2009", mentioned N. Andrianov. It is intended to fulfill this project within five or six years.

According to General Director of BMZ the representatives of Swiss consulting company involved in marketing research for this project are visiting the plant at the moment. "Based on preliminary information the construction of sheet steel production in Belarus will be profitable", — stated N.Andrianov.