The Belarusian-Russian joint venture for the production of latoflex has been registered by a resident of the FEZ "Vitebsk"

May 18, Vitebsk / Sergey Kochetov - BELTA /. The administration of the "Vitebsk" free economic zone has registered the Belarusian-Russian joint limited liability company (JLCC) "Dubrava-Flex" as a FEZ resident, Oleg Kondratovich, head of the investment and foreign economic relations department of the FEZ administration, told a BELTA correspondent. The new resident plans to implement an investment project to create a woodworking production facility worth about $1.3 million at one of the FEZ sites. In the future, the joint venture intends to organize the production of modern high-tech materials for furniture production, in particular, latoflex. It is used as springs for the manufacture of upholstered furniture. The excellent characteristics of the material allow for the creation of products of modern architectural forms and technological structures. All products will be certified for compliance with Belarusian and international standards, and it is planned to certify the quality management system according to the international standard ISO 9001. The enterprise intends to export finished products in full, with the main supply markets declared as Russia and Ukraine, as well as far-abroad countries (Italy, Germany, etc.). During the implementation of the project, the founders intend to create more than 60 jobs. The "Vitebsk" FEZ was established on August 4, 1999. Currently, 34 residents are registered in the FEZ (including 2 in 2009) with the participation of investors from 13 countries, including Germany, the USA, Great Britain, Canada, the Czech Republic, Poland, and Russia. Resident enterprises produce products for the fuel, chemical, light industries, mechanical engineering, have mastered food production, and are engaged in scientific research. The territory of the free economic zone includes seven sectors with a total area of over 1.2 thousand hectares.