OREANDA-NEWS. April 7, 2009. Belarusian President Alexander Lukashenko is visiting the Svetlogorsk-based Khimvolokno Company.

During the visit to the company, the Head of State will get familiar with the work of the industrial complex.

Svetlogorsk Khimvolokno is a major Belarusian petrochemical company. The company incorporates two enterprises, which produce textile threads and artificial fibres. The basic products are chemical fibres and threads, rayon, cordon and bonded fabric, polymer film. More than 60% of the goods are exported to 33 countries. More than 80% of products are exported to the Russian Federation. For the recent two years, the company has significantly boosted its export to Iran, Syria, Turkey, Canada, the USA, China and a number of European countries.

In 2008, the sales margins made up 4%. At the same time, the 2009 first month performance reflects the negative impact of the global financial crisis: Svetlogorsk Khimvolokno has reduced production volume and sales because of sales slowdown. The company’s export plummeted almost by 50%. The consumer demand for the products designed for automobile industry and metallurgy has reduced significantly. At the same time, throughout 2009, Svetlogorsk Khimvolokno is projected to increase the production by 1% as against 2008.

The Head of State has commissioned the Government and administrative bodies with 12 tasks dealing with the development of Svetlogorsk Khimvolokno. In 2008, the company fulfilled all socio-development targets except the target concerning the reduction of material intensity. In 2009, the company intends to implement four investment projects (more than Br58 billion). The implementation of the projects will allow Svetlogorsk Khimvolokno to increase revenues from sales of products, works and services by USD 33 million a year.