Business news

ISTANBUL, 12 November (BelTA) – Belneftekhim Concern signed contracts worth of $50 million at the Belarusian investment forum in Turkey, Director of the concern’s commodity distribution network Alexander Arkhiptsev told media on 12 November, BelTA informs.

“The annual trade turnover of Belneftekhim in Turkey reaches $40 million. Eight contracts worth of $50 million have been signed at the investment forum today,” noted Alexander Arkhiptsev.

Investment projects varying from $10 to $150 million were also presented by ten companies at the forum. Investment projects are mainly related to the increase of the output and further exports. “Turkey has companies than work in the same areas as Belneftekhim companies. They have been invited to open additional production lines in Belarus with the aim of further sales on the Turkish market,” the director said.

Alexander Arkhiptsev added that Belneftekhim Concern traditionally sells fiber products and threads to Turkey.