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New resident of FEZ Grodnoinvest will expand export-oriented production

On October 25, 2023, Grodno Lathe Chuck Plant BelTAPAZ JSC was registered as a resident of FEZ Grodnoinvest with a project for the technical re-equipment of production. 

Today, BelTAPAZ is a unique manufacturer of lathe chucks and spare parts for them in the region. The company's products are widely used in the machine tool and tool industries in both domestic and foreign markets.

The new investment project involves expanding the existing and mastering the production of a new product line through the technical re-equipment of production through the purchase of new technological equipment. The implementation of the investment project will allow BelTAPAZ to increase the enterprise’s export supplies, ensure an increase in revenues to the budget and extra-budgetary funds, and also increase its own financial potential.

The field of machinery remains one of the leading industries in FEZ Grodnoinvest and the Grodno region. To date, more than 10 projects in this area are being implemented in FEZ Grodnoinvest. Residents produce cars and auto components, industrial equipment and construction equipment, optics and electronics. The annual production volume exceeds $200 million, and the residents' partners and investors are the world's leading brands.