Foreign investors have expressed interest in creating the production of mineral basalt wool in the Angren FEZ

On January 6, 2024, a meeting was held at the Directorate of the Angren FEZ with representatives of the Chinese company “Dalian HengXing Mach Technology Co., Ltd.”. During the meeting, investors were familiarized with the created investment conditions and the current benefits and preferences provided to FEZ investors and discussed the possibilities of implementing an investment project for the production of mineral basalt wool on the territory of the Angren FEZ.

“Dalian HengXing Mach Technology Co., Ltd.” was founded in 2020 in China and specializes in the production of basalt wool. The investment volume is about 10.0 million US dollars with an annual production capacity of 30.0 thousand tons of basalt wool. As a result of the implementation of the project, more than 150 new jobs will be created for the local population.