Business news

MINSK, 14 July (BelTA) – Belarusian Steel Works (BMZ trademark) will supply rolled steel to the largest processing company in Western Europe, BelTA learned from Oleg Kirilenko, BMZ Chief Specialist for Rolled Steel Production, during a press conference on 14 July.

According to the source, BMZ has signed a contract with a Dutch company. The volume of signed contracts is close to 20,000 tonnes per month.

Oleg Kirilenko said that in June the Belarusian company exported 81.5% of the output to the tune of $72 million. The specialist underlined that BMZ rapidly penetrates new markets and signs delivery contracts with leading European concerns, including Mercedes and Volkswagen.

Belarusian Steel Works (BMZ for short) was founded in 1984. Later on it was reincorporated as a public joint-stock company (OAO) BMZ — Managing Company of BMC Holding. The enterprise specializes in cast bars, profiled iron, pipes, rolled steel, reinforcing bars, metal cord, wire for high-pressure hoses and other kinds of wire. The company exports over 80% of the output and employs nearly 12,000 people.