Resident of the Grodnoinvest Free Economic Zone Europlastex Invest will build a factory for processing cotton in Smorgon
Resident of the Grodnoinvest Free Economic Zone Europlastex Invest starts construction of a new plant for processing cotton in Smorgon. The company signed the corresponding agreement with the Grodno Regional Executive Committee within the framework of the international business forum "Euroregion" Neman-2018 ".
The site for the construction of the plant was chosen taking into account the proximity of the Belarusian NPP. Commissioning of the plant is scheduled for 2 years. The volume of project's investments will equal to about about 30 million euros. The capital from Uzbekistan is planned to be attracted for the implementin of the project . The number of new working places will total to over one thousand people. The company plans to export the produce to the EU markets, particulary, to Poland, France and Germany.
As a FEZ resident, Europlastex Invest (Uzbekistan) was registered on November 17, 2016. The company is implementing the project on development of a vertically integrated complex for the production of cotton yarn and products made from it.