€20 million in investment in furniture manufacturing by well-known German company in Belarus

Investment in the launch of furniture manufacturing by one famous German company in Ivatsevichi will make up €20 million, BelTA quotes the press service of Bellesbumprom Concern. The investment project  has received an official status. The corresponding investment agreement was signed and registered. The document was signed between Belarus and Polipol Productions Verwaltungs GmbH.

At first the furniture plant will function on the lease areas of Ivatsevichdrev. The company will invest €1.5 million to develop and operate it. The first furniture items, soft furniture, will be produced in September 2018. The factory will employ Belarusian specialists who underwent special training at Polipol plants in Poland. The plans are to produce about 1,000 sofas before March 2019.

The investor also plans to build its factory in Ivatsevichi. Furniture will be exported to the European market.