Moldova - Industry

More about the Economy of Moldova.

Industry

In 1991 industry accounted for approximately 38 percent of the NMP and employed 21 percent of the work force. Some of the main products of Moldova's industry include electrical motors and equipment, pumps for industrial and agricultural use, and agricultural equipment, including tractors and automobile parts. There is also a small chemical industry, which produces plastics, synthetic fibers, paint, and varnish, and a construction industry, which produces cement and prefabricated reinforcedconcrete structures.

The Moldovan consumer goods industry in the early 1990s was faced with the same problems affecting the rest of the Moldovan economy. The supply of cheap fuels and raw materials, provided to Moldavia under the Soviet economic system (under which Moldavia specialized in consumer goods and agricultural products), dried up with the demise of the Soviet Union and the hostilities in Transnistria. Together with high inflation, the cost of goods went up tremendously, sometimes doubling in the course of one year.

In 1991 consumer goods accounted for 22 percent of Moldova's industrial output; the textile industry accounted for approximately 50 percent of this, and food processing accounted for 40 percent. Clothing manufacturing made up another 29 percent of total production.

In 1994 Moldova had eleven military-goods producing enterprises. Attempts were being made to convert ten of them to civilian production. However, these facilities were operating at only 15 to 20 percent of capacity, as compared with the industrywide average of 40 percent of capacity. As a result, conversion prospects were not bright.

Moldova's heavy industry is almost entirely the product of development during the Soviet period. Machine building predominates within heavy industry, accounting for 16 percent of total industrial production.

Economy of Moldova - Wikipedia
Moldova Industry, Information about Industry in Moldova
Moldova - Wikipedia
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