Re-equipment of production of agricultural machinery of Brest Electro-Mechanical Plant OJSC in 2011-2015
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А. Description of the project potential |
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| А1. Project name: | ||
| Re-equipment of production of agricultural machinery of Brest Electro-Mechanical Plant OJSC in 2011-2015 | ||
| А2. Project status: | ||
| a business plan of the investment project for the years 2011-2015 is under development. The project “Re-equipment of production of agricultural machinery of Brest Electro-Mechanical Plant OJSC in 2007-2010” which is included in the State Program for Innovation Development of the Republic of Belarus in 2007-2010 will be completed in 2010 |
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| A3. Participating organizations and their roles (contact persons, telephone, fax, e-mail, Internet page): | ||
| Brest Electro-Mechanical Plant Open Joint Stock Company - organizer of the project Head: Razumets S.L., director of Brest Electro-Mechanical Plant OJSC Complete legal address of the organization: Moskovskaya Str., 202, Brest, 224220 tel.: (0162) 42-18-55, fax: (0162) 42-73-89, e-mail: omivs@bemzbrest.by Republican public authority: Ministry of Industry of the Republic of Belarus; Partizanskiy pr. 2, korp. 4, Minsk 220033, fax: (0172) 224-87-84 |
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| А4. Project description (approaches, objectives, components, results, stages, terms, general financing, advantages, influence on transient economic processes etc.): | ||
| Objective of the project: production startup and increase of the volumes of production of new highly productive agricultural equipment, technical re-equipment of the production. Products, offered for production: seeding and cultivating agricultural machinery: all-crop seeding machines with various sets of operating elements for seeding cereal crops, mid-seeded and small-seeded leguminous crops, flax, cruciferous herbs and their blends; precision row-crop drills; tillage rigs and seeding rigs with various modifications of operating elements (active and inactive), tillage machinery. |
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| А4а. Total cost of the project (million US dollars): | ||
| 10,7 | ||
| A5. Background / history / overall program / related or similar projects: | ||
| History of the enterprise establishment The Electro-Mechanical Plant started to manufacture its products in May 1965. The enterprise was made product oriented by Minradioprom of the USSR to manufacture peripheral devices of computer facilities. In accordance with the Program on Conversion and State Program on Import Substitution, ratified by the Ministry of Economy and Ministry of Industry, the plant started to manufacture highly technical products in 1991-1995 namely: gas meters and main supply meters of various modifications, vacuum drills, medical ultrasonic machinery and household appliances. Brest Electro-Mechanical Plant OJSC was established on the basis of a state enterprise and is its legal successor. The enterprise was transformed basing on the Order № 134 dd. 30.06.97 of the Ministry of State Property of the Republic of Belarus. The form of ownership of the enterprise – private with a share of state ownership in the registered capital of 97,7 %. Nowadays the enterprise manufactures and sells agricultural machinery, energy and gas meters, medical devices and carries out commercial activity. Important basic technologies have been mastered and are employed at the enterprise such as: machining manufacture, cold pressing production, die casting from aluminum alloys, cast steel, investment casting, plastic casting from thermoplastic materials and pressing of thermosetting materials, galvanic and vanish-and-paint production, assembling production, tool production, production of non-standard equipment. The investment project is planned to be implemented at the operating enterprise; its implementation makes direct impact on the financial and economic position of Brest Electro-Mechanical Plant OJSC. Change of the organizational-legal form is not foreseen during the project implementation. For carrying out of re-equipment, the organizer of the project has floor spaces which are provided by all necessary engineering communications. Similar projects are not available. |
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| А6. Brief description of influence on an environment: | ||
| Ecologically safe manufacture. | ||
| А7. Possible obstacles / problems / risk degree: | ||
| Possible lack of own current assets for manufacture development | ||
| А8. Implementation period / project payback period (years): | ||
| Implementation period: 5 years Time of payoff period – 5 years |
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| A9. Project’s branch: | ||
| Mechanical engineering | ||
| В. Items of capital expenses (total investments necessary for implementation of the project): | ||
| В1. Physical components: | В2. Capital investments (million US dollars): | |
| Development of new highly effective technologies – equipment acquisition: a complete set of the equipment for steel mounding, electro erosive punch machine “Adgikut”, coordinate-punching machine with Programmed Numerical Control, the multi-purpose machine tool 400-IV ST, installation laser are sharp turbo x 48/510 champion, a lathe with Programmed Numerical Control turn nexus 300-II MY (2 units), the milling machine tool with Programmed Numerical Control mazatech V-655/60N. Reconstruction and modernization of operating manufactures to highly technological level: modernization of galvanic manufacture, modernization of a site of painting, reconstruction of local treatment facilities. Reconstruction of system of power supply of the enterprise: complex modernization of system of a heat supply of the enterprise with use of system of infra-red heating. Updating of park of the out-of-date equipment – equipment acquisition: the induction furnace TVCH, automatic molding machine BZST 250/1200.03-10 (3 units), band-cutoff machine ARG-300, industrial welding device HERMANN SHARC (2 units), welding devices Jasic MIG 350 (J16) (20 units), casting moulds, stamps, adaptations for welding and assemblage. |
7,4 | |
| Expenses under a gain of a pure working capital | 3,3 | |
| The general investment expenses | 10,7 | |
| В3. Sub-projects on placement: | В4. Project cost (million US dollars): | |
| С. Capital according to the origin source, available with the organizers of the project (proprietors, co-partners, sponsors): | ||
| С1. Type of sources (grants, investments, equity participation / property etc.): | С2. Sum ((million US dollars): | |
| Own means | 5,4 | |
| D. Demanded investments, missing funds: | ||
| D1. Necessary financing, required type of financial participation: | ||
| Transfer of money resources, property (the equipment, commodity-material assets) to the authorized capital of Brest Electro-Mechanical Plant OJSC. It will allow to increase the authorized capital of the Society by an additional share issue and transfer of 26% of shares to an investor. | ||
| D2. Financing sources: | D3. Type of the financial tool: | D4. Sum (million US dollars): |
| Funds of a foreign investor | Direct investments | 5,3 |
| D5. Financial institutions involved in the project implementation: | ||
| Е. Demand (consumers) and incomes: | ||
| Е1. Type of consumers, volumes, prices, incomes, estimated benefit/savings: | ||
| Basic consumers of production of agricultural mechanical engineering: agro services, agricultural trading and servicing center (agrosnab), MTS, agricultural and industrial centers (agropromtekhnika), agro firms, collective farms, state farms, farms, various transactors (factories, industrial complexes, small and joint ventures, joint-stock companies, experimental bases and stations, etc.) | ||
| Е2. Financing sources: | ЕЗ. Incomes (sales) (million US dollars: | |
| Incomes: Sales turnover (without VAT) | 147 | |
| F. Transaction and Operating Costs: | ||
| F1. Constituents of costs, depreciation policy, organization of production etc.: | ||
| F2. Cost Item: | F3. Amount (millions USD) 2008: | |
| Material expenses | 94 | |
| Expenses for labor remuneration with deductions | 30 | |
| Other expenses | 16 | |
| Total | 140 | |
| G. Net profit: | ||
| G1. Net profit amount: | G2. Amount (millions USD) 2008: | |
| Net profit volume | 7 | |
| Net profit | 11 | |
| Н. Source of the information on the project: | ||
| H1. The form is filled (name, position): | ||
| Kaminskaya Z.M., Chief of the Planning and Economic Department, tel.: (0162)-42-75-43 | ||
| Н2. The organization (name and address): | ||
| Brest Electro-Mechanical Plant OJSC, Moskovskaya Str., 202, Brest, 224220 | ||
| НЗ. Phone / fax / E-mail: | ||
| (0162) 42-73-89 | ||
| Н4. Date: | ||
| March, 2010 | ||
| Н5. Departmental identity of the project: | ||
| Ministry of Industry of the Republic of Belarus | ||