New resident of FEZ "Vitebsk" invests over 10 million euros in the creation of door structures production

March 25, Vitebsk / Sergey Kochetov - BELTA /. The new resident of FEZ "Vitebsk" - foreign private unitary production enterprise "PORTA KMI Bel" - plans to invest more than 10 million euros in the organization of production of door structures and other joinery products. This was announced to a BELTA correspondent by Oleg Kondratovich, head of the investment and foreign economic relations department of the FEZ administration. The investment project envisages the creation of production of door leaves and frames for entrance, interior and interroom doors using the technology of the Polish firm PORTA KMI Poland Sp. z o.o., which is the founder of the new FEZ resident. The main part of the investment will be directed to the construction of the plant and its equipping with high-tech equipment. A production module with a total area of about 10 thousand square meters is planned to be built in 2010-2011 on the territory of the former airfield, which is part of the FEZ. During the implementation of the project, it is planned to create at least 90 jobs. The investor plans to start production activities in the first quarter of 2012. Complex door systems can be used both in residential construction and in the construction of public and administrative buildings. The main raw materials for the production of products will be chipboard and HDF (high-density fiberboard). The output volume when the enterprise reaches its full design capacity will be almost 250 thousand sets of doors per year worth over 35 million euros. More than 70% of the products are planned to be exported, mainly to Russia and Ukraine, and the remaining 30% will be sold on the domestic market, where there is no similar production. FEZ "Vitebsk" was established on August 4, 1999. Currently, 35 residents with the participation of investors from 13 countries are registered in the FEZ, including Russia, Germany, the USA, Great Britain, Canada, the Czech Republic, and Poland. Resident enterprises produce products for the fuel, chemical, light industries, machine-building, 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.