Business news

16 Apr 2019

Belarusian steel mill BMZ signs major deals at business forum in Turkey

Photo courtesy of BMZ

GOMEL, 16 April (BelTA) – The Belarusian steel mill BMZ and Turkish companies signed framework agreements on supplying metal products worth over $14 million during a Belarusian-Turkish business forum in Ankara on 16 April. The agreements were signed by Director General of OAO BMZ – Managing Company of the Holding Company BMC Anatoly Savenok, BelTA has learned.

In particular, BMZ intends to ship products of its steel wire division and the pipe division to Turkey this year. Turkey is a traditional market for the Belarusian company. The exports to Turkey include metal cord, wire for high-pressure hoses, steel wire, seamless pipes, and cast sections. In 2018 the volume of export exceeded $38 million.

The Belarusian-Turkish business forum was organized by the Belarusian Chamber of Commerce and Industry with assistance of the Foreign Economic Relations Board of Turkey (DEIK). The forum was supposed to expand contacts of the Belarusian private sector with Turkish companies, assist with the development of mutually beneficial cooperation and the implementation of joint projects in various spheres.