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Integral to turn into joint-stock company, though not in the near-term perspective, First Vice-Premier says

The Integral company will turn into a joint-stock company though not in the near-term perspective, First Vice-Premier of Belarus Vladimir Semashko told on November 29.

Vladimir Semashko noted that Integral needs to turn into a joint-stock company and to join or merge with another company. But when answering the question as to whether Integral will be put on the list of the companies which will turn into joint-stock companies in 2008, Vladimir Semashko said: “It won’t happen that fast”.

The issue of selling the company in the future is not on the current agenda. “The negotiations with an investor are underway. But this decision cannot be taken immediately. The company is of strategic importance for the country. We need to consider all the variants before taking the final decision,” Vladimir Semashko said.

Integral was put on the list of the organizations to be reincorporated into joint-stock companies in 2003. However Integral has not become a joint-stock company so far.

Founded in 1962, the Research and Production Corporation Integral is the largest producer of microelectronic components in Central and Eastern Europe. The company exports the products to the South-Eastern Asia, Europe, Baltic and the CIS countries, the USA. The company has the ISO national and international certificates. The company employs 9 thousand professionals.

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