July, 1 Free Economic Zone “Mogilev” laid a capsule in honour of new wood-processing complex. The complex will include three plants: the first one – to produce DSP panels, the second one – to produce furniture parts made of hulled lead, the third one – to produce furniture.
The enterprise is a huge investment project. Lithuanian partners representing VMG Company are going to invest 64 bln euro, 58 of them are investments to the capital stock. According to the business plan, the final product is furniture under the trade brand IKEA.