FEZ Grodnoinvest residents invest Br144m in fixed capital

Since the start of 2020, FEZ Grodnoinvest residents have invested Br144 million in fixed assets, BelTA learned from the administration of the free economic zone.

Most of the sum - more than 60% - was used to purchase technological machinery and equipment.

“Enterprises located on the industrial sites of the FEZ in Smorgon District have invested Br91 million in fixed assets. The FEZ is home to foreign-funded companies such as Kronospan, Szynaka, Sodrugestvo and others,” said the FEZ Grodnoinvest administration.

FEZ residents from Grodno and Grodno Oblast have invested Br30 million in the fixed capital over the period. Among those actively upgrading and expanding their production facilities are Bigan, ZOV, Makey, Gronitex, Belagrofert and other companies.

Since 2003 FEZ Grodnoinvest residents have invested more than $1.4 billion in fixed assets.