A TENANT OF SEZ TECHNOPOLIS MOSCOW SETS UP UTILITIES AT THE NEW MOSCOW-CITY TOWER

At the end of August European Electronics Ltd., a resident company of the special economic zone Technopolis Moscow launches the production of utilities for a new skyscraper in Moscow-City – Grand Tower.

“Since March European Electronics has create 30 new jobs and invested in the production development over 30 million Rubles. Now the investment project for the production of high-tech low-voltage packages is 75% executed. The resident has already received the first order to manufacture utilities for a new skyscraper in Moscow-City – Grand Tower with a total area of 400 thousand square meters and 283 meters high. The order is going to be shared with the global company Schneider Electric – another enterprise located in the special economic zone Technopolis Moscow. A large batch of distributing switchboards and input switching devices will be produced especially for the project”, said Alexander Prokhorov, Head of the Department of investment and industrial policy of Moscow.

According to Gennady Degtev, CEO of SEZ Technopolis Moscow the location of enterprises in the special economic zone of the capital makes it possible to expand their capabilities and not only find metropolitan customers, but also cooperate with each other. “Products of innovative manufacturers are still highly demanded in the market. For example, the company Evropeyskaya Elektrotekhnica Group of Companies gained the status of resident of SEZ Technopolis Moscow in March, 2020 and will soon complete the construction at the enterprise. The first products will appear before the end of June 2020, and the site will reach full capacity in August this year. In addition, the company gets the opportunity to actively interact with other high-tech enterprises in the capital’s SEZ,” he said.

The pandemic spurred the demand for digitalization of business processes, increased the interest of customers in creating advanced infrastructure in enterprises, shared Andrey Smirnov, deputy CEO and member of the Board of Directors of Evropeyskaya Elektrotekhnica.

“Based on the positive dynamics of concluding new contracts for the supply of the utilities during March-June 2020, we see that projects in which Evropeyskaya Elektrotekhnica group of companies is involved are not canceled. Customers adapt their investment plans to a new reality. In general, the situation is gradually normalizing, the volume of demand indicates the demand for the new production site we are creating”, added Andrey Smirnov.