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Nine new companies join FEZ Minsk in 2019

Economy 13.08.2019 | 12:52
Archive photo
Archive photo

MINSK, 13 August (BelTA) – Nine new companies have registered with the Free Economic Zone (FEZ) Minsk since the beginning of 2019, BelTA learned from FEZ Minsk.

In late July, FEZ Minsk registered Novy Sverzhen Timber Mill, its eighth new resident this year. This separate autonomous facility is located at a detached industrial site in the village of Novy Sverzhen in Stolbtsy District. The mill is equipped with modern sawmill and woodworking machinery. The enterprise intends to export over 70% of its products to the EU member states. The main lines of business are woodworking and logging.

The ninth new resident company is SV PLANT. The enterprise intends to implement an investment project to manufacture components of string transport systems.

Established in 1998, the Free Economic Zone (FEZ) Minsk has become a leading industrial hub and has raised over $2 billion in investments. The zone occupies about 2,800ha. It includes 23 land plots in Minsk and Minsk Oblast. FEZ Minsk is home to over 110 resident companies. As many as 42 enterprises have been built or reconstructed there. Another ten are being built and 17 more are in the pipeline. The FEZ Minsk companies specialize in mechanical engineering and metalworking, chemical and petrochemical industries, woodworking, and civil engineering. FEZ Minsk has seen investors from 20 countries. The resident companies export products to 67 countries across the globe.

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