Investor Roadmap

Full name of the company

OJSC “Polotsk-Steklovolokno”

Year of establishment

1957

Primary activity

manufacture of glass fibres code 23140

Products, services description (detailed, indicating CN FEA code)

As per the project - glass fabrics and silica fabrics with special treatment with silicone, polyurethane and acrylate compounds. They are produced on the basis of fabrics made of E-glass and silica glass. They have different types of textile weave. They are designed for use as high-temperature insulation of various units in industry and equipment, as well as in construction. HS Code is 7019.

Superior body

The Belarusian State Concern for Oil and Chemistry (Belneftekhim Concern)

General reference and analytical information about the company

Joint Stock Company “Polotsk-Steklovolokno” is one of the largest manufactures of glass fiber and the products on its basis, such as glass rovings, glass yarns, glass fabrics, glass meshes, non-woven materials, in CIS countries. The company produces around 900 items made of E-glass, high temperature silica glass and basalt that are used in various industries including aerospace, automotive, shipbuilding, oil and gas industry, military industrial complex, metallurgy, electrotechnical, and construction industry.

Authorized capital size of the company, thousand $

18141

Distribution of shares (by owners)

State share —99,34855220%, natural persons’ share– 0,65144780%

Revenue, thousand $

139998

Net profit (net loss), thousand $

17 080

Current liquidity ratio

1.993

Working capital financed by equity to total assets ratio

0.498

Assets ratio of financial liabilities

0.176

Number of employees as on the month of filling the form, people

3264

Average salary as on the month of filling the form, BYN

1690,3

Type of investment project

Investment projects offered for implementation

Total volume of investments, thousand $

2247

Expected input of an investor, thousand $

2247

Project period

2024-2025

Investor participation form

new enterprise with a local partner, new enterprise

Project description

Small business entities that are interested in the project are offered an investment idea for organizing the production of glass fabrics with special treatment – glass fabrics made of E-glass with one- and two-sided application of silicone, glass fabrics made of silica of Puresil brand with one-sided application of polyurethane, construction membranes with two-sided impregnation that are used in industry and construction as protective casings for various gate valves at elevated temperatures, high-temperature insulation, flexible connections operated at elevated temperatures, vapor-permeable construction membranes. The annual production volume is estimated to be 1.0 million m/year.

The nomenclature of the product to be produced with indication of the CN FEA code

HS Code – 7019

Annual revenues once fully operational (without VAT, thousand $)

1918.8

Potential customer

The main sales markets – The Russian Federation.

Key benefits of the project

Glass fabrics made of E-glass and silica of Puresil brand, that are produced by Joint Stock Company “Polotsk-Steklovolokno”, are used as a semi-finished product for the manufacture of glass fabrics with special treatment and will be supplied to the enterprise under formation. There is limited experience in the production of certain types of the specified assortments, potential sales markets are known.

Level of project development

Investment idea. Completed: marketing analysis of the market of suppliers of the equipment; marketing analysis of the product sales markets, the technical assignment for the equipment elaboration has been prepared.

Volume of imports to the Republic of Belarus, thousand $

300

Land area, ha

51.95

The effect of the investment project

Economic effect