OFFER FOR INVESTMENT DEVELOPMENT PROJECT OF PA “BELAZ” for the period of 2011-2015
description
Transcript of OFFER FOR INVESTMENT DEVELOPMENT PROJECT OF PA “BELAZ” for the period of 2011-2015
OFFER FOR INVESTMENT DEVELOPMENT OFFER FOR INVESTMENT DEVELOPMENT PROJECT OFPROJECT OF PA “BELAZ” PA “BELAZ” for the period offor the period of 2011-2015 2011-2015
((presentationpresentation, , September,September, 2011) 2011)
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.
1. MAIN PURPOSES OF THE PROJECT
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.
2. CHARACTERISTICS OF PA “BELAZ” AND THE EMBODIED ENTERPRISES
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-75440
Mining dump truck with hydraulic and mechanical transmission.Payload capacity - 32 MT.
Engine power, kW 298-325
Laden weight, kg 23500
Tires 18.00-25, 18.00R25
Body capacity, m3
struck./ «heaped» 2:114,5 / 19,2
BELAZ - 75450
Mining dump truck with hydraulic and mechanical transmission.Payload capacity - 45 MT.
Engine power, kW 448
Laden weight, kg 35000
Tires 21-35;21.00R35
Body capacity, m3
struck./ «heaped» 2:1 21,5/27,7
BELAZ-7555H
Mining dump truck with hydraulic and mechanical transmission.Payload capacity - 55-60 MT.
Engine Cummins
Engine power, kW (h.p.) 559(750)
Tires 24.00R35
Dump truck weight, kg 65000
BELAZ-75570/75580
Mining dump truck with hydraulic and mechanical transmission (75570), electrical mechanical transmission (75580)Payload capacity – 90 MT.
Engine Cummins
Engine power, kW (h.p.) 783(1065)
Tires 31/90-49; 27.00R49
Dump truck weight, kg 74000-75000
BELAZ-7513
Mining dump truck with electrical mechanical transmission.Payload capacity - 130-136 MT.
Engine Cummins
Engine power, kW (h.p.) 1193(1600)
Tires 33.00-51, 33.00R51
Dump truck weight, kg 108600
BELAZ-7517/7518
Mining dump truck with electrical mechanical transmission.Payload capacity - 154-180 MT.
Engine Cummins/MTU
Engine power, kW (h.p.) 1491(2000)/1492(2000)
Tires 36.00R51/37.00R57; 42/90R57
Dump truck weight, kg 134000/140000
BELAZ-75306
Mining dump truck with electrical mechanical transmission.Payload capacity - 220 MT.
Engine Cummins
Engine power, kW (h.p.) 1715(2300)
Tires 40.00R57; 46/90-57
Dump truck weight, kg 156100
BELAZ-75310
Mining dump truck with electrical mechanical transmission.Payload capacity - 240 MT.
Engine Cummins
Engine power, kW (h.p.) 1864(2500)
Tires 40.00R57, 46/90R57
Dump truck weight, kg 161500
BELAZ-75600/601
Mining dump truck with electrical mechanical transmission.Payload capacity - 320-360 MT.
Engine Cummins MTU
Engine power, kW (h.p.)2610(3500)2800(3750)
Tires 59/80R63
Dump truck weight, kg 240000-260000
BELAZ-78250
AC-AC electrical mechanical transmission
Engine power, kW (h.p.) 783
Tires 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 40-70
Tires 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.)
391(532)
Tires 29,5R25
Operating weight , kg 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 24
Tires 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.) 264(360)
Tires 26,5-25
Operating weight, ton 20000
MOAZ-75294
Dump trucks for underground works. Payload capacity - 25 ton.
EngineDEUTZ
Engine power, kW (h.p.) 207(280)
Tires 24
Operating weight, ton 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.) 261(350)
Tires23,5-25
Operating weight, ton 31180
MOAZ-7506
Dump truck with off-road capability equipped with hydraulic mechanical transmission.Payload capacity - 36 MT.
Engine Cummins
Engine power, kW (h.p.) 336(450)
Operating weight, ton 32
Tires 29,5-R25
MOAZ-75034
Dump truck with off-road capability equipped with hydraulic mechanical transmission.Payload capacity - 48 MT.
Engine Cummins
Engine power, kW (h.p.) 447(600)
Operating weight, ton 39,8
Tires 29,5-R29
Hopper-car 19-9774
For transportation of mineral fertilizers
Payload capacity, kg70,500
Tare weight, kg 23000
Body volume, m3 82
Coupler pulling face car length, mm. 13720
Nominal wheel base, mm. 9500
Hopper-car 19-9862/19-9863
For transportation of concrete /for transportation of cereals and other bulky cargoes
Payload capacity, kg72,500/70000
Tare weight, kg 21000/23500
Body volume, m3 63/94
Coupler pulling face car length, mm. 12020/14720
Nominal wheel base, mm. 7800/10500
Open-top wagon 12-9763 Hatch-type, multipurpose
Payload capacity, kg70000
Tare weight, kg 23,6
Body volume, m3 76
Coupler pulling face car length, mm. 13920
Nominal wheel base, mm. 8650
Flat car 19-9832 For carriage of timber and universal large-tonnage containers
Payload capacity, kg67,500
Tare weight, kg 26500
Body volume, m3 112
Coupler pulling face car length, mm. 14620
Nominal wheel base, mm. 9720
4. FORECASTof manufacturing and sales of OJSC “BELAZ” products for 2011-2015
(the parent enterprise is situated in Zhodino)
Description of the products2010 2011 2012 2013 2014 2015
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)
75928 100000 110000 122000 129000 135000
Total: BELAZ 1034 555072 1387 732664 1575 834562 1742 937004 1853 988266 1955103366
8
% to the previous year 139,9% 132,0% 113,9% 112,3% 105,5% 104,6%
% to 2010 132,0% 150,4% 168,8% 178,0% 186,2%
5. FORECASTof 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.
Dump truck MOAZ – 75054 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
Mining dump truck MOAZ -75291 28 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
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 0 0 0 0 0
Loader MOAZ-40483-30 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
Chassis MOAZ-9893, 75295 0 0
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
RatesUnits of measure
2010 2011 2012 2013 2014 2015
Production volume in comparable prices, 2010 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 1 042 1 500 1 750 2 000 2 270 2 470
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
1Creation of additional production capacities for dump trucks of high and extremely high payload capacity, road construction and underground equipment (mechanical treatment)
115284
2Creation of production capacities for hydromechanical transmissions of planetary type
--
3 Creation of production capacities for oil-cooled brakes 1400
4Development and modernization of capacities for welding-and-blank processing
18271
5 Development of thermogalvanic production 8280
6Development of paint spray processing for main products by means of modernization of existing paint spray complexes and construction of the new ones
1183,2*
7Modernization 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
9Development 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 6050
12Development of Central Industrial Laboratory, metrological and maintenance services
2131,5
13 Development of IT technologies 6000
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 light-weight 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
7.2. Mogilev branch of OJSC “BELAZ” (“MOAZ”)
Pos. № Direction of perspective development
Volume of investments (USD, ths.)
Notes
I stage, 2011-2015
1Creation of additional production capacities for mining, road construction and underground equipment (mechanical treatment)
11837
2 Development of capacities for cooperation with “MRCBP” * Included in Cl.1,3,4
3 Welding-and-blank processing 344
4 Thermogalvanic processing 2400
5 Assembly and paint spray processing 4266
6 Designing and research and experimental base ** Recorded in the central enterprise
7 Tool production 1502
8 Repair base 570
9 Central Industrial Laboratory, metrological services 778
10 IT-technologies ** Recorded in the central enterprise
11 Energy department 1742
12 Motor transport and stock department 691
13 Construction of additional production areas * * included in Cl. 1 - 6
TOTAL: 24130
7.3. CJSC “MRCBP”
Pos. № Direction of perspective development
Volume of investments (USD, ths.)
I stage, 2011-2015
1 Development of production capacities for mechanical treatment 9260
2 Development of production capacities for blank processing 20266
3Development of production capacities for assembly-and-welding processing
14192
TOTAL : 43718
8. Production capacities, created at PA “BELAZ" 8.1. Parent enterprise OJSC “BELAZ" in Zhodino
605010
150
215
260
350
500520
200
6530
220
4065
476490500520
0
100
200
300
400
500
600
pc
s
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
Dump truck 30t
Dump truck 42-
45t
Dump truck 55-
65t
Dump truck 90t
Dump truck 120-
136t
Dump truck 150-
170t
Dump truck 180-
240t
Dump truck 320-
400t
Special equipme
nt
Spare parts
(million
8.2. Branch of OJSC “BELAZ” in Mogilev (“MOAZ")
75
20 15
40
10 10
150
10 10
55
1530 3030
50
25
50 55 5040
50 5040 30
0
20
40
60
80
100
120
140
160
Scra
per 1
8t
dum
p tr
uck
25T
3-ax
le d
ump
truc
k
Load
er
Whe
el-d
ozer
Gar
bage
truc
k
Mul
tipur
pose
cha
ssis
Truc
k m
ixer
Und
ergr
ound
truc
k 22
t
Und
ergr
ound
truc
k 40
t
Und
ergr
ound
aut
otra
in
Load
-hau
l dum
p un
it
Aut
ocon
cret
e pu
mp
Elec
tric
car
pc
s
Capacities in 2010 (410 units) Capacities in 2015 (535 units)
8.3. CJSC “MVZ" (production of carriages, open-top wagons, containers)
1100
1600
1850
2100
2350
2550
0
500
1000
1500
2000
2500
3000
2010 2011 2012 2013 2014 2015
pc
s
Production capacities, created at CJSC "MVZ"
9. INVESTMENT DEMAND FOR THE YEARS OF 2011-2015
Item Investment object
Investment volume
Parent enterprise
OJSC «BELAZ»
Branch of OJSC
«BELAZ» in Mogilev
Total at OJSC «BELAZ»
CJSC «MVZ»Total at
PA «BELAZ»
1Technological equipment for capacities improving in the main production
158771,3 19841 178612,3 43593 222205,3
2Technological equipment (devices) for improving of auxiliary services
35007,7 3469 38476,7 -* 38476,7
3New construction and reconstruction of assembly and painting lines
30000 -* 30000 - ** 30000
4 Project works 750 -* 750 - * 750
5Construction 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 ** - planned transfer of MOAZ area
10. Distribution of investments within the Project execution during 2011-2015 among BELAZ Divisions
Item
Division
Investment volume yearwise (thousand USD)
2010 (actual)
2011 (expected)
2012 2013г 2014 2015Total
2011-2015
1Parent enterprise OJSC «BELAZ»
in Zhodino23355 36120 39771 44327 49899 60487 230604
2Branch of OJSC
«BELAZ» in Mogilev (MOAZ)
3388 3067 4189 5130 5737 6007 24130
4Total for OJSC «BELAZ»
26743 39187 43960 49457 55636 66494 254734
5 CJSC «MVZ»* 12318 5480 6290 7075 7962 16910 43718
8Total 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
USD 29 726 ths. - 10,0%
USD 51 372 ths. - 17,2%
USD 217 353 ths. - 72,8%
PA "BELAZ" equity capital - 15 % according to the contractinnovation fund of Ministry of Industry of Republic of Belarusborrow ed capital (credit resources) - 85 % according to the contract
USD 94 369 ths. -31,6%
USD 29 726 ths.- 10,0%
USD 174 356 ths.- 58,4%
PA "BELAZ" amortization fundinnovation fund of Ministry of Industry of Republic of BelarusPA "BELAZ" net profit
The initial stage – according to borrowing costs involvement or credits borrowing costs
Sources for covering the involved borrowing costs under the I stage
12. Main figures of the investment development project of PA “BELAZ” for 2011-2015
Pos.№
Description of the figuresUnit of
measureFigures in follow up of sales
1 Commodity output in 2015 USD, mln 1238,3
2 Commodity growth rate toward 2010 % 189,9
3Output for one worker according to the production plan
USD, ths 97,2
4 Output growth rate toward 2010 % 160,6
5Number 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
8.1 Including machines with NPC pcs 224
9 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
* - the nominator indicates the figure after the project execution while the denominator indicates the figures for 2010. ** - for the whole project execution period.