New resident of FEZ "Vitebsk" will invest 1 million euros in the creation of road construction equipment production

February 2, Vitebsk / Sergey Kochetov - BELTA /. A joint Belarusian-Russian limited liability company "Natrix" plans to establish production of road construction equipment, as well as equipment for the oil and gas industry in the FEZ "Vitebsk", the BELTA correspondent was informed at the investment and foreign economic relations department of the Vitebsk FEZ administration. The Belarusian-Russian tandem of founders of the new FEZ resident plans to invest more than 1 million euros in the new production. The investment project provides for the organization of the production of asphalt pavers for the repair of highways, city roads, courtyards and sidewalks, as well as cold planers intended for mechanical removal of the upper layer of asphalt concrete pavement up to 300 mm thick and subsequent loading of the cut-off material into transport. In addition, for the oil and gas industry, the new enterprise plans to create production of directional drilling systems, which can be used as part of a coiled tubing unit or on screwed pipes for inclined-directional and horizontal wells. The investment project is import-substituting in nature. Its implementation is expected to create more than 70 jobs. Production is planned to be located at one of the industrial sites in the regional center. The FEZ "Vitebsk" was established in August 1999. Today, 38 investment projects are being implemented in the FEZ. More than 60% of the FEZ "Vitebsk" residents are joint and foreign enterprises, established with the participation of investors from 13 countries, including Germany, Poland, the USA, the Czech Republic, Great Britain, Russia, Canada, Holland, and Israel. The industrial potential of the FEZ is based on enterprises operating in the fields of mechanical engineering, woodworking, food, chemical, fuel, and light industries. The territory of the free economic zone includes 12 sectors with a total area of more than 2.1 thousand hectares, which are located within the city limits of Vitebsk, Postavy, Orsha, Barani, the urban-type settlement of Bolbasovo (Orshansky district), as well as in the Vitebsk district.-0-