OREANDA-NEWS. December 15, 2008. Belarusian state food industry concern Belgospischeprom intends to implement investment projects together with Russian company Yug Rusi, Belgospischeprom Chairman Ivan Danchenko told reporters.

Yug Rusi offers oil and fat products. “Today we will sign a contract with Yug Rusi for the contract manufacturing of bottled vegetable oil at the Gomel fat factory,” said Ivan Danchenko.

A series of negotiations will be held to attract investments of the Russian company into the development of the Belarusian fat and oil industry.

According to the source, the mutual cooperation will be huge. There are plans to build a vegetable oil plant and a vegetable oil processing plant in the Minsk oblast. The amount of investments will be defined by the end of the year.

Investments will also be channelled into the brewing industry and the sugar refining industry. The reconstruction of Belsolod company is supposed to be finished.