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29 Apr 2017

Kronospan’s company registered as Great Stone resident

MINSK, 29 April (BelTA) – OOO Greatdecor, a company of the Kronospan Group, has been registered as resident in the Chinese-Belarusian Industrial Park Great Stone, BelTA has learned.

The company will produce materials (coatings) for the woodworking and furniture industry.

The total investment will exceed €25 million. The implementation period for the project is 2017-2018. The project meets the priority area of the park’s activity, which is the production of new materials and also the required volume of investment.

The bulk of products will be sold on the domestic market (about 80%). Products will also be exported to Russia, Ukraine, Latvia, and Poland.

The project will help the companies of the national woodworking and furniture industry (first of all, those making part of the Kronospan Group) that use decorative coating in their production to stay independent from external factors.

A land plot of seven hectares has been allocated for the company in the Great Stone Park. The development works are underway.

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