OFFER FOR INVESTMENT DEVELOPMENT
PROJECT OF PA “BELAZ”
for the period of 2011-2015
(presentation, September, 2011)
1. MAIN PURPOSES OF THE PROJECT
1. Development of production capacities for mining dump trucks, road construction and underground
equipment, loading railway trains and other specialized equipment in volumes planned for manufacturing in 2015.
2. Creation of production capacities for new products (dump trucks with p/c of 90t, 170t, 320t; 3-axle dump
trucks with p/c of 27, 36, and 50 t; underground dump trucks with p/c of 40 t, hopper cars for transportation of
cement, cereals, etc.) and long-range units to fit up new products as well as those been manufactured
(hydromechanical transmissions and rear axles for dump truck with p/c of 90t and more; multi-disks oil-cooled
brakes; unified cab, etc.) by means of modifications of existing capacities and purchasing of new equipment.
3. Development of production capacities for quality steel casting to use in-house and to supply the off-site
Consumers.
4. Implementation of new technologies, equipment and tools to secure the settlement of the “bottle neck”
problems in production concerning productivity as well as products quality, working conditions, safety and
environmental requirements.
5. Development of research and design and laboratory facilities; adjustment of toolroom, maintenance and
other auxiliary services and workshops in accordance with production demands.
6. Development of our own manufacturing of quality tools and other technological equipment to manufacture
main products.
7. Mechanization and automatization of production processes in the plant workshops in order to increase the
work efficiency, to reduce the quantity of employees producing manual labour and to increase production
efficiency by means of implementation of flexible reset technologies on basis of modern machines with NPC and
machining center module.
8. Introduction of modern informational technologies (CALS-technologies) in all stages of product life-cycle.
9. Increase in quality and technical level of manufactured products; improvement of metrological control
system; implementation of control and control and measuring instruments, devices for initial check of materials
and spare parts and testing of technological equipment state in the plant workshops.
10. Shortening of period to adopt new products with organization of production of quality and dynamically
updated products.
11. Shortening of orders execution periods by shortening the time of execution of engineering, manufacturing
and management processes.
2. CHARACTERISTICS OF PA “BELAZ”
AND THE EMBODIED ENTERPRISES
Production association “Belarusian Autoworks” was created in 1995.
PA “BELAZ” comprises:
- OJSC “Belarusian Autoworks”;
- CJSC “Mogilev Railway Car Building Plant”.
OJSC “Belarusian Autoworks” comprises:
1. The main enterprise OJSC “Belarusian Autoworks”, located in Zhodino, Minsk region. It was founded in
1958. The enterprise is a legal entity and has its independent balance. The enterprise is under the economic
jurisdiction of Ministry of Industry of Republic of Belarus.
2. “S.M. Kirov Mogilev Autoworks” is a Mogilev branch of OJSC “Belarusian Autoworks”. As of 01.12.2010 is
a separate structural production subunit of OJSC “BELAZ”, and it is not a legal entity, has its own fixed and
working assets, separated by territory, has its independent balance which is included in OJSC “BELAZ” balance.
The structure of OJSC “Belarusian Autoworks” comprises the complex of main and auxiliary workshops
necessary for production process of manufacturing the mining equipment, consumer goods and other products
and services as well as the divisions and departments providing designing and development of new equipment,
technical and economic planning, accounting, material support, marketing researches and sales of products.
OJSC “BELAZ” is the only plant in the CIS territory which produces mining equipment with payload capacity
of 25-360 MT.
OJSC “BELAZ” performs designing, production and sales of mining dump trucks of high and extremely high
payload capacity in the Republic of Belarus, CIS and overseas countries. BELAZ dump trucks are intended to
transport rocks, bulk goods in open-pit mines and construction of large industrial water control facilities.
CJSC “Mogilev Railway Car Building Plant” is located in Mogilev. The enterprise is a legal entity and has its
independent balance..
CJSC “MRCBP” object of activity is manufacturing of railway cars.
3. MAIN PRODUCTION OBJECTS DESCRIPTION
OJSC “Belarusian Autoworks” performs designing, manufacturing of pilot samples and production of mining
dump trucks of high and extremely high payload capacity of 30-360MT. By manufacturing specialized
technological vehicles, aircraft tags, loaders, bulldozers and special vehicles based on them, underground and
road construction equipment, vehicles for metallurgical enterprises, the plant extents the products range as well as
market outlet.
“Mogilev Railway Car Building Plant” (CJSC “MRCBP”), which is embodied in PA “BELAZ”, performs
manufacturing of loading railway rolling stock, namely universal gondola cars and hopper cars for transportation of
mineral fertilizers, cement and cereals.
“Belarusian Autoworks” is one of the seven largest world concerns which produce mining equipment as
Komatsu-Haulpac, Uclid-Hitachi, Caterpillar, Liebherr, Terex, Cress.
BELAZ mining equipment works in more than 50 countries of the world.
OJSC “BELAZ” secures the constant connection with our consumers through 75 companies embodied in our
distribution network.
BELAZ dump trucks are developed for different climatic and road conditions.
BELAZ mining equipment is adapted for installation of engines of all the leading motor companies of the
world. The consumer is free to choose the manufacturing company and the engine power. The electric
transmission also has many options.
“BELAZ” dump truck are notable among the competitors for high specific power, high smoothness of
movement rates, good maneuverability, ease of steering, reliability. They prove themselves in difficult operating
conditions of deep mines in Extreme North and hot tropical areas.
OJSC “Belarusian Autoworks” manufactures and delivers equipment for mine services: loaders, wheel
bulldozers, water sprinkling machines, towing-recovery tractors, as well as produces dump trucks for underground
mining operations considering heavy operating conditions.
OJSC “BELAZ” manufactures heavy-duty carriers and slug carriers for metallurgical enterprises and aircraft
tags to tow the planes in the airports.
The main types of the products manufactured by OJSC “BELAZ” are shown in the following slides.
BELAZ - 75450
BELAZ-75440
Mining dump truck with hydraulic and mechanical
transmission.
Payload capacity - 32 MT.
Mining dump truck with hydraulic and mechanical
transmission.
Payload capacity - 45 MT.
Engine power, kW
Engine power, kW
Laden weight, kg
Tires
298-325
23500
18.00-25, 18.00R25
m3
Body capacity,
struck./ «heaped» 2:1
14,5 / 19,2
Laden weight, kg
Tires
Body capacity, m3
struck./ «heaped» 2:1
448
35000
21-35;21.00R35
21,5/27,7
BELAZ-75570/75580
BELAZ-7555H
Mining dump truck with hydraulic and mechanical transmission
(75570), electrical mechanical transmission (75580)
Payload capacity – 90 MT.
Mining dump truck with hydraulic and mechanical
transmission.
Payload capacity - 55-60 MT.
Engine
Engine power, kW (h.p.)
Tires
Dump truck weight, kg
Engine
Cummins
Engine power, kW (h.p.)
783(1065)
Cummins
559(750)
24.00R35
65000
Tires
Dump truck weight, kg
31/90-49; 27.00R49
74000-75000
BELAZ-7513
BELAZ-7517/7518
Mining dump truck with electrical mechanical transmission.
Payload capacity - 130-136 MT.
Mining dump truck with electrical mechanical transmission.
Payload capacity - 154-180 MT.
Engine
Engine
Engine power, kW (h.p.)
Engine power, kW (h.p.)
36.00R51/37.00R57; 42/90R57
33.00-51, 33.00R51
Dump truck weight, kg
Dump truck weight, kg
1491(2000)/1492(2000)
1193(1600)
Tires
Tires
Cummins/MTU
Cummins
108600
134000/140000
BELAZ-75306
Mining dump truck with electrical mechanical transmission.
Payload capacity - 220 MT.
Engine
Engine power, kW (h.p.)
Tires
Cummins
1715(2300)
40.00R57; 46/90-57
Dump truck weight, kg
156100
BELAZ-75310
Mining dump truck with electrical mechanical transmission.
Payload capacity - 240 MT.
Engine
Engine power, kW (h.p.)
Tires
Dump truck weight, kg
Cummins
1864(2500)
40.00R57, 46/90R57
161500
BELAZ-75600/601
Mining dump truck with electrical mechanical transmission.
Payload capacity - 320-360 MT.
Engine
Engine power, kW (h.p.)
Tires
Dump truck weight, kg
Cummins
MTU
2610(3500)
2800(3750)
59/80R63
240000-260000
BELAZ-78250
AC-AC electrical mechanical transmission
Engine power, kW (h.p.)
Tires
783
45/65R45
Digging force, kN
670
Maximum traction force, kN
750
Operating weight, ton
100
BELAZ aircraft carrier
Hydraulic mechanical transmission for aircraft towing with takeoff
weight up to 600 ton.
Engine power, kW (h.p.)
330
Operating weight, ton
Tires
40-70
16.00R25; 18.00R25
Maximum traction force, kN
750
MOAZ-75840
Dump truck for underground works with articulated frame.
Payload capacity - 40 MT.
Engine power, kW (h.p.)
Tires
Operating weight , kg
391(532)
29,5R25
35450
MOAZ-4055
Load-haul-dump unit for underground works.
Payload capacity - 9 MT.
Engine power, kW (h.p.)
190(260)-207(280)
Operating weight, ton
Tires
24
18,00-25
Bucket capacity, m3
struck/ nominal
2,7/3,2
MOAZ-75054
Dump truck with off-road capability equipped with hydraulic
mechanical transmission.
Payload capacity - 25 MT.
Engine power, kW (h.p.)
Tires
Operating weight, ton
264(360)
26,5-25
20000
MOAZ-75294
Dump trucks for underground works.
Payload capacity - 25 ton.
Engine
Engine power, kW (h.p.)
DEUTZ
207(280)
Tires
Operating weight, ton
24
18,00-25
MOAZ-7504
Dump truck with off-road capability equipped with hydraulic
mechanical transmission.
Payload capacity - 27 ton.
Engine power, kW (h.p.)
Tires
Operating weight, ton
261(350)
23,5-25
31180
MOAZ-7506
Dump truck with off-road capability equipped with hydraulic
mechanical transmission.
Payload capacity - 36 MT.
Engine
Engine power, kW (h.p.)
Cummins
336(450)
Operating weight, ton
Tires
32
29,5-R25
MOAZ-75034
Dump truck with off-road capability equipped with hydraulic
mechanical transmission.
Payload capacity - 48 MT.
Engine
Engine power, kW (h.p.)
Operating weight, ton
Tires
Cummins
447(600)
39,8
29,5-R29
Hopper-car 19-9774
For transportation of mineral fertilizers
Payload capacity, kg
70,500
Tare weight, kg
23000
Body volume, m3
Coupler pulling face car length, mm.
Nominal wheel base, mm.
82
13720
9500
Hopper-car 19-9862/19-9863
For transportation of concrete /for transportation of cereals and other
bulky cargoes
Payload capacity, kg
72,500/70000
Tare weight, kg
21000/23500
Body volume, m3
Coupler pulling face car length, mm.
Nominal wheel base, mm.
63/94
12020/14720
7800/10500
Open-top wagon 12-9763
Hatch-type, multipurpose
Payload capacity, kg
Tare weight, kg
Body volume, m3
Coupler pulling face car length, mm.
Nominal wheel base, mm.
70000
23,6
76
13920
8650
Flat car 19-9832
For carriage of timber and universal large-tonnage containers
Payload capacity, kg
67,500
Tare weight, kg
26500
Body volume, m3
Coupler pulling face car length, mm.
Nominal wheel base, mm.
112
14620
9720
4. FORECAST
of manufacturing and sales of OJSC “BELAZ” products for 2011-2015
(the parent enterprise is situated in Zhodino)
2010
2011
2012
2013
2014
2015
Description of the products
Units
$, ths.
Units
$, ths.
Units
$, ths.
Units
$, ths.
Units
$, ths.
Units
$, ths.
30 tons
194
23494
300
36330
334
40448
366
44323
398
48198
430
52074
45 tons
195
32897
293
49429
350
59045
377
63600
404
68155
418
70517
55 tons
266
75730
320
91104
334
95090
360
102492
380
108186
410
116727
90 tons
4
2590
18
11653
20
12948
25
16185
28
18127
29
18775
110-130 tons
191
161395
235
198575
297
250965
354
299130
365
308425
383
323635
150-170 tons
1
1082
17
18394
18
19476
20
21640
21
22722
22
23804
180-240 tons
125
152250
152
185136
160
194880
170
207060
180
219240
183
222894
320-400 tons
3
9676
8
25803
10
32254
12
38705
13
41930
14
45156
Loader/bulldozer
43
15205
30
10608
30
10608
30
10608
30
10608
30
10608
Other specialized
equipment
12
4826
14
5631
22
8848
28
11262
34
13675
36
14479
Other products (spare
parts)
Total: BELAZ
% to the previous year
% to 2010
75928
1034
555072
139,9%
100000
1387
732664
110000
1575
834562
122000
1742
937004
129000
1853
988266
135000
1955
103366
8
132,0%
113,9%
112,3%
105,5%
104,6%
132,0%
150,4%
168,8%
178,0%
186,2%
5. FORECAST
of manufacturing and sales of S.M. Kirov Mogilev Autoworks –
branch of OJSC “BELAZ” – for 2011-2015
2010
2011
2012
2013
2014
2015
Units
Total, $,
ths.
Units
Total, $,
ths.
Units
Total, $,
ths.
Units
Total, $,
ths.
Units
Total, $,
ths.
Units
Total, $,
ths.
20
2077
25
2613
30
3135
28
2926
26
2717
26
2717
Dump truck - hauler MOAZ-75034, p/c - 50T
0
2
509
2
509
3
763
5
1272
6
1526
Dump truck MOAZ – 7506, p/c - 36T
0
1
310
1
310
1
310
3
931
5
1551
4421
25
3218
30
3861
27
3475
29
3732
28
3604
Mining dump truck MOAZ -75810, p/c -50T.
0
2
883
2
883
2
883
2
883
3
1324
Mining dump truck MOAZ -75840, p/c - 40T
0
3
1193
3
1193
2
795
3
1193
4
1591
Dump truck MOAZ – 75054
Mining dump truck MOAZ -75291
28
Underground autotrain MOAZ 7405-9586
17
704
12
1015
9
761
9
761
8
677
7
592
Underground autotrain MOAZ 74052-9586
2
249
12
1919
15
2399
20
3198
17
2718
19
3038
Loader MOAZ-40484
1
5
Loader MOAZ-40483-30
0
0
0
0
0
0
4
593
10
1481
10
1481
10
1481
10
1481
Load-haul-dump unit MOAZ-4055
5
1034
7
1301
7
1301
9
1673
9
1673
10
1859
Bulldozer MOAZ-40489-33
9
1525
2
386
3
580
4
773
5
966
5
966
Scraper MOAZ -6014, 60148
20
1465
13
952
10
732
10
732
9
659
8
586
Recovery tractor MOAZ-75291, 64428
1
52
0
Roller MOAZ-64428-9890
2
143
0
0
0
Chassis MOAZ-9893, 75295
Truck mixer СМБ-372/472/572
11
799
12
904
12
904
14
1055
15
1130
15
1130
Truck mixer СМБ-349/449/549
2
101
2
101
3
152
3
152
4
202
5
253
Truck mixer СМБ-060
7
185
4
106
4
106
4
106
5
132
5
132
Underground truck mixer MOAZ-75296,
75294
10
1380
8
1031
12
1547
14
1805
15
1934
15
1934
Truck mixer MOAZ-69000, 69010
2
155
5
386
8
617
10
772
12
926
10
772
6. Forecast of production volume for CJSC “MVZ” for 2011-2015
Units of
measure
2010
2011
2012
2013
2014
2015
USD, ths
68 889
97 134
112 773
128 786
146 172
159 474
% to the previous year
%
209,7%
141,0%
116,1%
114,2%
113,5%
109,1%
% to 2010
%
141,0%
163,7%
186,9%
212,2%
231,5%
Production volume
pcs
1 500
1 750
2 000
2 270
2 470
Rates
Production volume in comparable prices,
2010
1 042
7. Main directions of development of PA “BELAZ” enterprises and works and the
planned volume of investments
7.1. Central enterprise in Zhodino
(without foundry production)
Pos.
№
Direction of perspective development
Volume of investments
(USD, ths.)
I stage, 2011-2015
1
Creation of additional production capacities for dump trucks of high and
extremely high payload capacity, road construction and underground
equipment (mechanical treatment)
115284
2
Creation of production capacities for hydromechanical transmissions of
planetary type
--
3
Creation of production capacities for oil-cooled brakes
1400
4
Development and modernization of capacities for welding-and-blank
processing
18271
5
Development of thermogalvanic production
8280
6
Development of paint spray processing for main products by means of
modernization of existing paint spray complexes and construction of the new
ones
1183,2*
7
Modernization of assembly processing (transfer of assembly process of 90T
dump trucks to the main assembly line workshop, organization of assembly
of 240T dump trucks in assembly and test workshop)
Included in Cl. 16
8
Development of consumer goods production
1040
9
Development of designing and research and experimental base of Scientific
and Technical Centre and Laboratory base of Chief Technologist Division
24501,4
10
Development of tool production and non-standardized equipment
12943,7
11
Development of service and repair base for technological equipment
12
Development of Central Industrial Laboratory, metrological and maintenance
services
13
Development of IT technologies
14
Development and modernization of energy department
7194,5
15
Development of motor transport department
3324,7
16
Construction of additional production areas for development of production
capacities for dump truck with p/c of 220-360 tones (development of
Production Workshops Unit-3 (≈ 15 ths. m2); construction of facilities of lightweight design with transfer of the occupied areas for production purposes;
use of areas inside the testing ground for finishing of dump trucks with p/c of
220-360 tones)
23000
TOTAL:
230604
6050
2131,5
6000
7.2. Mogilev branch of OJSC “BELAZ” (“MOAZ”)
Pos.
№
Volume of investments
(USD, ths.)
Direction of perspective development
Notes
I stage, 2011-2015
1
Creation of additional production capacities for mining, road
construction and underground equipment (mechanical
treatment)
2
Development of capacities for cooperation with “MRCBP”
3
Welding-and-blank processing
344
4
Thermogalvanic processing
2400
5
Assembly and paint spray processing
4266
6
Designing and research and experimental base
7
Tool production
1502
8
Repair base
570
9
Central Industrial Laboratory, metrological services
778
10
IT-technologies
11
Energy department
1742
12
Motor transport and stock department
691
13
Construction of additional production areas
11837
*
*
*
*
TOTAL:
24130
Included in Cl.1,3,4
* Recorded in the
central enterprise
* Recorded in the
central enterprise
* included in Cl. 1 - 6
7.3. CJSC “MRCBP”
Pos. №
Volume of investments
(USD, ths.)
Direction of perspective development
I stage, 2011-2015
1
Development of production capacities for mechanical treatment
9260
2
Development of production capacities for blank processing
20266
3
Development of production capacities for assembly-and-welding
processing
14192
TOTAL :
43718
pcs
8. Production capacities, created at PA “BELAZ"
8.1. Parent enterprise OJSC “BELAZ" in Zhodino
600
500
520
500
520
500
400
490
476
350
300
260
220
200
150
100
65
15
0
200
2
40
10
30
50 65
60
Dump
Dump
Dump
Dump
Dump
Dump Special Spare
Dump
Dump
truck 42- truck 55truck 120-truck 150-truck 180- truck 320-equipme parts
truck 30t
truck 90t
45t
65t
136t
170t
240t
400t
nt
(million
Capacities in 2010
520
500
350
15
260
2
150
10
50
60
Capacities in 2015
520
500
490
65
476
40
220
30
65
200
Capacities in 2010 (410 units)
Capacities in 2015 (535 units)
50
30
40
Electric car
10
50
Autoconcrete pump
25
50
Load-haul dump unit
40
Underground autotrain
10
55 55
Underground truck 40t
1510
Underground truck 22t
50
Truck mixer
50
Multipurpose chassis
20
20
10
Garbage truck
30
Wheel-dozer
40
40
Loader
60
3-axle dump truck
80
dump truck 25T
160
Scraper 18t
pcs
8.2. Branch of OJSC “BELAZ” in Mogilev (“MOAZ")
150
140
120
100
75
30
30
15
0
pcs
8.3. CJSC “MVZ"
(production of carriages, open-top wagons, containers)
3000
2550
2500
2350
2100
2000
1850
1600
1500
1100
1000
500
0
2010
2011
2012
2013
Production capacities, created at CJSC "MVZ"
2014
2015
9. INVESTMENT DEMAND FOR THE YEARS OF 2011-2015
Investment volume
Item
Parent
enterprise
OJSC
«BELAZ»
Investment object
Branch of
OJSC
«BELAZ» in
Mogilev
Total at OJSC
«BELAZ»
CJSC «MVZ»
Total at
PA «BELAZ»
19841
178612,3
43593
222205,3
35007,7
3469
38476,7
-*
38476,7
30000
-*
30000
- **
30000
1
Technological equipment for
capacities improving in the main
production
2
Technological equipment
(devices) for improving of
auxiliary services
3
New construction and
reconstruction of assembly and
painting lines
4
Project works
750
-*
750
-*
750
5
Construction and assembly
works (preparation of work area,
base making , assembly)
6075
820
6895
125
7020
6
TOTAL:
230604
24130
254734
43718
298452
* - Included in point 1
158771,3
** - planned transfer of MOAZ area
10. Distribution of investments within the Project execution
during 2011-2015 among BELAZ Divisions
Investment volume yearwise (thousand USD)
Ite
m
Division
1
2010
(actual)
2011
(expected)
2012
2013г
2014
2015
Total
2011-2015
Parent enterprise
OJSC «BELAZ»
in Zhodino
23355
36120
39771
44327
49899
60487
230604
2
Branch of OJSC
«BELAZ» in
Mogilev (MOAZ)
3388
3067
4189
5130
5737
6007
24130
4
Total for OJSC
«BELAZ»
26743
39187
43960
49457
55636
66494
254734
5
CJSC «MVZ»*
12318
5480
6290
7075
7962
16910
43718
8
Total for PA
«BELAZ»
39061
44667
50250
56532
63598
83404
298452
* - In case of project execution in respect of implementation of container production and cryogenic machinery production at
CJSC “MVZ” for transportation and storage of condensed gas, it is planned to involve additional investment resources at the
cost of foreign investor
11. Structure of financing sources for covering of investment costs
of PA “BELAZ" for the years of 2011-20154
I stage (2011-2015) - total 298 452 thousand USD
The initial stage – according to borrowing costs involvement
or credits borrowing costs
USD 51 372
ths. - 17,2%
USD 217 353
ths. - 72,8%
USD 29 726
ths. - 10,0%
Sources for covering the involved borrowing costs under
the I stage
USD 94 369
ths. -31,6%
PA "BELAZ" equity capital - 15 % according to the contract
innovation fund of Ministry of Industry of Republic of Belarus
borrow ed capital (credit resources) - 85 % according to the contract
USD 174 356
ths.- 58,4%
USD 29 726
ths.- 10,0%
PA "BELAZ" amortization fund
innovation fund of Ministry of Industry of Republic of Belarus
PA "BELAZ" net profit
12. Main figures of the investment development project
of PA “BELAZ” for 2011-2015
Pos.
№
Description of the figures
Unit of
measure
Figures in follow up of sales
USD, mln
1238,3
%
189,9
USD, ths
97,2
%
160,6
1
Commodity output in 2015
2
Commodity growth rate toward 2010
3
Output for one worker according to the production plan
4
Output growth rate toward 2010
5
Number according to the production plan (growth rate
toward 2010)
people (%)
12741
(118,2 %)
5.1.
Including quantity of direct production workers (growth
rate toward 2010)
people (%)
4998
(137,1 %)
6
Volume of investments
USD, mln
298,452
7
Commissioning of new production areas
m2
30480
8
Commissioning of new equipment
pcs
722
Including machines with NPC
pcs
224
Decommissioning of outdated equipment
pcs
493
9.1
Including machines with NPC
pcs
83
10
Technological equipment wear
%
57,5 % *
74,4 %
11
Net profit in use of enterprises **
USD, mln
290,399
12
Pay-back period
years
5,33
8.1
9
* - the nominator indicates the figure after the project execution while the denominator indicates the figures for 2010.
** - for the whole project execution period.