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International Internet Magazine. Baltic States news & analytics Wednesday, 23.09.2020, 16:05

Another Lithuanian-capital company enters Belarusian FEZ

BC, Vilnius, 05.08.2020.Print version
Siberia, a company with Belarusian, Russian and Lithuanian capital, is setting up its business in the Mogilev Free Economic Zone in Belarus, the business news website reports, citing the FEZ's press release, writes LETA/BNS.

Siberia plans an investment project related to wood processing, the statement reads. But it does not identify other participating companies or natural persons.

VMG Industry, part of Lithuania's Vakaru Medienos Grupe (VMG), one of the largest wood processing and furniture production groups in the Baltic states, as well as Mebelain, part of the Lithuanian SBA furniture production group, are currently based in the Belarusian FEZ.

There are currently three residents with Lithuanian capital in the Mogilev FEZ and they include the aforementioned Siberia, STL Logistic, operating a container terminal, and Ekstrusion Technologies, a producer of construction materials.

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