Economy of Belarus - - TAXATION SYSTEM -

Amkodor has com­pleted choos­ing of equip­ment and tech­nol­ogy sup­pli­ers for a new foundry which the com­pany is set to con­struct in Zhodino.

The com­pany is ex­pected to in­vest nearly $120 mil­lion in the big 3.5-year project. The high-tech­nol­ogy plant will pro­duce up to 70,000 tonnes of high-grade cast iron per year. In 2011 Amkodor cap­i­tal in­vest­ment made up Br196 bil­lion, up 7 times from 2010.

Last year the com­pany pro­duced and tested 10 new ve­hi­cle mod­i­fi­ca­tions, de­signed a lot of equip­ment for tim­ber and peat in­dus­try, spe­cial-pur­pose heavy ve­hi­cles.

To­day Amkodor com­prises 14 com­pa­nies which em­ploy nearly 7,000 spe­cial­ists. Ev­ery year Amkodor pro­duces over 5,000 ve­hi­cles of var­i­ous types, and sells its prod­ucts into more than 30 coun­tries.

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