Kamvol raising exports by 18.5% in five months

21 июня 2022
The cooperation between Belarusian and Russian enterprises and businesses is the key to success and profit, especially under the sanctions pressure. For example, Minsk knitting factory Kamvol has increased export by almost 20%. Light industry goods go mostly to the Russian market. Though there is a lot of competition there, our enterprises are able and ready to substitute some brands that left the Russian market. Today Kamvol also works with Kazakhstan, Uzbekistan and Armenia. 

Kamvol: From traditional yarn to capsule collections

Companies like Kamvol are called flagships of the light industry. At present, the production capacities of the enterprise exceeds 2.5 million running meters of fabric. They plan to reach 4 million by the end of the year. Plus, they already offer not only semi-finished products (yarn and fabric), but also finished products to the market. 

Of course, a series of Western restrictions did not go completely unnoticed. They had to build up the logistic chains in a different way, find new suppliers of raw materials and solve the problems with the sales markets. Kamvol is an export-oriented enterprise. Traditionally, 80 % of its production was sent to foreign markets. The factory did not lose heart. Thus, during five months since the beginning of the year, the company increased export deliveries by almost 20% as compared to the same period last year. Today, they are heading to the East - they are actively increasing their presence on the Russian market and export goods to Uzbekistan, Kazakhstan, Armenia and Georgia. 

Artem Ilyin, deputy general director of Kamvol:

"Last year we earned around $13 million. Presently, we have earned around $4 million. We have considerably enlarged our presence in Uzbekistan. It would seem that Uzbekistan is a southern country, but our fabrics containing wool are in demand there. We also have export deliveries to the European Union. We work with Polish enterprises, with Moldova".

Today, new opportunities are opening up in the market of our neighbor to the East and in terms of substitution of products previously exported to Russia by Western producers. Our enterprise is able and ready to substitute it. In general, a big and active work on the import substitution of raw materials is carried out at the factory. As practice shows, it is possible to replace the imported with domestic raw materials.

Timely modernization and technical re-equipment gave a strong impetus to the development of the enterprise and also an advantage among the competitors. By the way, the cost of technology renewal, even in the new realities, is bearing fruit."