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RuchTech registered as 15th resident at Great Stone Industrial Park

03 August 2017

MINSK – RUCHTECH Ltd. has been registered as a fifteenth resident company at the China-Belarus Industrial Park Great Stone, the Great Stone administration said in a statement.

RUCHTECH Ltd. is a 100% foreign-funded company with plan to implement a $30m project in 2017-2021.

RUCHTECH specializes in designing and manufacturing laser equipment for macro and micro processing of metals, alloys, mechanical and optical components for different kinds of equipment.

As of today, there are eleven resident companies with Chinese capital in the park, one with Austrian, one with American, and two with Belarusian participation.

The Great Stone Industrial Park is based in Smolevichi Rayon (Minsk Region), where a special economic area will be established on an area of 8,048 ha subject to special legal regulations for a period of 50 years. The industrial park will host business projects in electronics, biomedicine, fine chemistry and mechanical engineering, which resident companies enjoying lucrative tax preferences.

The total value of the project is estimated at $30 billion. The parties have agreed that Belarus will hold a 40% stake in the authorized capital of the Belarusian-Chinese company that will develop the project.

SZAO Industrial Park Development Company was established on Aug 27, 2012 by Sinomach (32%), Minsk Regional Administration (30.86%), China Merchants Group (20%), CAMCE (13.71%), Harbin Investment Group (2.29%), Minsk City Administration (0.57%), Belarus’ Horizont Group (0.57%). The Great Stone Park is currently developing its infrastructure.

PRIME-TASS

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