Business news

FEZ Minsk new resident company to produce machine tools

MINSK, 26 February (BelTA) – The Russian enterprise Pretsizionnie Mashiny will launch a machine tool production and a part machining section in the Free Economic Zone Minsk. The relevant agreement was signed by Head of the FEZ Administration Anatoly Buben and Director of the enterprise Valentin Pavlovsky, BelTA learned from the FEZ Minsk.

A new FEZ resident produces numerically controlled lathe and milling machines for metal processing. These automated equipment are capable of performing complex operations according to a given program without direct human involvement. They have a wide range of applications in the manufacturing industry.

The enterprise will be located on the territory of the FEZ Minsk near Fanipol, Minsk Oblast. It is planned to put production facilities into operation in the first quarter of 2025. A large share of products will be exported. Exports is expected to account for about 50% of total revenue.

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