The Austrian holding company Kronospan will invest over EUR 10 million in expanding the production of metal structures in the free economic zone (FEZ) Mogilev in 2018, Kronospan representatives reported.
IOOO Kronospan OSB is a resident company in FEZ Mogilev. It specializes in making oriented strand boards for civil engineering and furniture industry. The available free space will be used to build two shops to make metal structures and cargo containers. They represent a new avenue of work for Kronospan but the products sell well on the market at present and the rest of the holding company needs them, too. The first shop to make metal structures, which are used to build manufacturing enterprises, warehouses, large retail outlets, and so on, was commissioned in December 2017. The decision to expand the project and commission another line able to make 500 tons of metal structures per month has been made this year.
The production of freight containers for various means of transportation – trucks, railway cars, ships, and aircraft – will begin nearby. The containers will be designed for mechanized transshipment operations. The new manufacturing facilities are expected to create about 100 jobs in 2018-2019. (BelTA/Ukrainian metal)