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With support of NAIP, Canadian investor develops matchwood production in FEZ “Vitebsk”

15 July 2020

On July 14, 2020 “Belmatch” LLC was registered as a new resident in the free economic zone ‘Vitebsk” to launch the work on matchwood production at a manufacturing site in the town of Postavy.

The project worth $ 4 million is being implemented with support of the National Agency of Investment and Privatization. The first meeting with the SOCALCO SARL, owned by a Canadian investor, took place at the Belarus Industrial & Investment Forum in Minsk in September 2019. As a follow-up, NAIP arranged fruitful negotiations for the investor with decision-makers in Belarus which resulted in the FEZ “Vitebsk” becoming the place for the future production.

The enterprise output is expected to be fully exported, primarily to the priority markets in Africa, South America and India. Around 70 workplaces will be created for the new production site.

SOCALCO SARL (Congo), owned by a Canadian investor, is a subsidiary of DEWJI International headquartered in the UAE and the largest matchsticks producer in Africa.

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