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A New Company with Swedish Capital Is Registered a FEZ "Vitebsk" Resident

march 19, 2019

On March 19, 2019 Administration of FEZ "Vitebsk" registered its 45th resident - a company with Swedish capital "Avestra Bitumnye Materialy" LLC (Avestra Bitumen Materials).

In order to establish their production of polymer-modified bitumen they were provided with a land plot of 8.77 ha within sector No.15 of FEZ "Vitebsk" in Novopolotsk. According to the project, the total amount of investment exceeds 25 mln. USD. More than 54 jobs will be created.

The main export markets of the finished product are Russia, Africa, Eastern Europe, Baltic states, Ukraine and Israel.

The implementation of the investment project as a FEZ "Vitebsk" resident will allow "Avestra Bitumnye Materialy" LLC to create new production capacities, thus increasing the output of export-oriented product.

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