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High share of innovative products in sales of Belarusian steel mill

Steel News - Published on Thu, 17 Jan 2019

Image Source: BelTA
BelTA reported that in 2018 the Belarusian steel mill BMZ shipped over 2.56 million tonnes of metal products, 106.2% as against 2017. Innovative products represented over 26% of the sold merchandise. BMZ Press Secretary Alexander Olesik told BelTA that in 2018 BMZ shipped over USD 580 million worth of innovative products to customers. The company started making 18 new kinds of products such as new varieties of round bars, rolled steel, reinforcing bars, and metal cord.

BMZ did a lot of work with future in mind. As many as 25 R&D projects were completed. About USD 1.9 million was invested in research and development. Mr Alexander Olesik said that “Virtually all the money was spent in-house - by personnel of the research center, the technology department, the central company lab, and the design and reconstruction office.” He reminded that BMZ was certified as a research organization in 2017 upon the conclusion of the State Science and Technology Committee and the National Academy of Sciences of Belarus.

In 2018 BMZ made the first few preproduction prototypes of new-design bronzed bead wire and metal cord for the world's leading tire manufacturers. The new products will be slated for commercial production after the necessary tests.

At present BMZ owns 16 inventions, two utility models, and 51 trademarks.

The public joint-stock company BMZ - managing company of the holding company BMC is a high-tech Belarusian metallurgical company. BMZ has four enterprises united by a single process flow a steel smelting division, a rolling division, a pipe division, and divisions making hardware items and supplying work tools and implements. BMZ exports over 80% of the output every year.

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Posted By : Joykumar Irom on Thu, 17 Jan 2019
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