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29 May 2020

German investor to put over Br1m in concrete products manufacturing in Vitebsk

German investor to put over Br1m in concrete products manufacturing in Vitebsk
An archive photo

VITEBSK, 29 May (BelTA) - The German investor will allocate over Br1 million to set up a production of concrete products in Vitebsk, BelTA learned from official representative of the company-investor Vadim Shaprunov.

To implement the project, the former production base in the regional center was purchased for Br172,200 at an auction organized by the committee of Vitebskoblimushchestvo. The lot included two facilities with a total area of more than 740 square meters, including a covered concrete-mixing unit, and also the right to 25-year lease of land of 0.4 hectares.

The investor with the participation of the Belarusian partner plans to install a new automated line for the production of paving slabs, curbs, landscaping elements, building blocks and other concrete products. The equipment from Sweden, fitted with components of German companies, is designed to produce 650 square meters of products per shift. Initially, it is planned to create up to 20 jobs. The German partner is ready to train employees, provide procurement and installation of equipment, as well as supply specialized transport.

Plans are in place to launch the new production in 2020. The products will be sold to Belarusian consumers and exported to the nearest Russian regions. “The production of concrete products is well-developed in the region. We expect to occupy the market share primarily thanks to the quality of products, which will be provided by high-quality equipment,” said Vadim Shaprunov. The German partner is ready to increase investment cooperation, including for the expansion of production capacity.

According to Vitebskoblimushchestvo, 43 facilities were sold for over Br975,000 at the committee's auctions since the start of the year. This is almost 40% up from the figures for January-May 2019.

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