Open Joint Stock Company "Belshina"
Year of establishment1968
Primary activityProduction of rubber tires and tubes
Products, services description (detailed, indicating CN FEA code)4011 New rubber pneumatic tires: 401110000 for passenger cars 401120 for buses or motor vehicles for transporting goods 4011700000 for agricultural or forestry vehicles and machines 4011800000 for vehicles and machines used in construction, mining, or industry. 4013 Rubber chambers: 401310000 for passenger cars: 4013900000 others
Superior bodyConcern "Belneftekhim"
General reference and analytical information about the company"Belshina" is one of the largest manufacturers in the tire industry. A wide range of tires - more than 300 models - tires for passenger cars, trucks, heavy-duty vehicles, construction and road machinery, electric transport, buses, tractors, and agricultural machinery. The company includes: a plant for large tires, a plant for mass tires, a plant for super-large tires, a mechanical plant, and other divisions necessary for organizing production and sales of products, as well as social infrastructure facilities. The enterprise's quality management system is certified for compliance with the requirements of ISO 9001:2015, STB ISO 9001-2015, IATF 16949:2016, STB 16949-2018.
Authorized capital size of the company, thousand $38386
Quality of shares issued, pcs155771082
Distribution of shares (by owners)State – 84.77, non-state legal entities – 15.23
Government body holding sharesState Property Committee of the Republic of Belarus
Revenue, thousand $384958
Current liquidity ratio1.36
Working capital financed by equity to total assets ratio0.26
Assets ratio of financial liabilities0.59
Number of employees as on the month of filling the form, people6789
Average salary as on the month of filling the form, BYN2397,24
Commercial effect
Type of investment projectProject in progress
Total volume of investments, thousand $12500
Expected input of an investor, thousand $5604
Project period2025-2029
Investor participation formequity investment, with state support, We are currently searching for an equipment supplier. Assistance in expanding sales markets and project co-financing are welcomed.
Project descriptionThe investment stage of the project is being implemented in the period 2025-2029 at the existing premises of the large-size tire plant of Belshina OJSC and includes the purchase of equipment, design and construction and installation works in order to increase production capacity for the production of wide-profile agricultural tires. The planned capacity of the project upon full implementation is 20,000 tires per year.
The nomenclature of the product to be produced with indication of the CN FEA codeIncreasing the production volumes of wide-profile agricultural tires of radial design with a landing diameter of 26-42 inches for equipping energy-intensive agricultural machinery for various purposes.
Annual revenues once fully operational (without VAT, thousand $)17166
Simple pay-back period, yrs9.4
Dymanic pay-back period, yrs11.6
NPV, thousand $2 292
IRR, %14.5
Discount Rate, %9.5
Potential customerRepublic of Belarus, Russian Federation, Republic of Kazakhstan
Key benefits of the projectThe relevance of the implementation of this project is dictated by the fact that, according to the conducted marketing research, tires for agricultural machinery manufactured by Belshina OJSC are traditionally distinguished by high quality and competitiveness and have a good reputation among farmers around the world. The demand for wide-profile tires is due to the reduced pressure on the soil, which ensures high stability of equipment in conditions of waterlogged soil. A significant advantage of such tires is a noticeable increase in labor productivity.
Level of project developmentCurrently, the project is in the pre-investment stage of implementation. The business plan for the project was approved on 17.03.2025. Work is underway to find suppliers of the main technological equipment.
Land area, ha21.4
Land plot purposeThe main building of the large-size tire plant
Vacant space availiability for project implementationIn stock
Solvency ratio (with an indication of statutory values for this type of activity)Current liquidity ratio (1.3), ratio of own working capital (0.2), ratio of financial liabilities to assets (≤ 0.85)
Volume of imports to the Republic of Belarus, thousand $5 266,8
Volume of exports from the Republic of Belarus, thousand $22461,3
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