A new resident has appeared on the territory of the SEZ Technopolis Moscow

The company European Electronics Ltd. producing electrical equipment has gained the status of a resident in the special economic zone Technopolis Moscow in Pechatniki. The project implies the development and production of high-tech low voltage electrical switchboards. “The company is expected to complete the construction in the third quarter of 2020. Total investments in the manufacturing in 2020-2024 will amount to RUR 55 million creating 72 new working places”, said Alexander Prokhorov, Head of the Department of investment and industrial policy of the City of Moscow.

The enterprise is to occupy 1047 square meters in the premises of former Car factory of Lenin Komsomol with all necessary infrastructure and utility lines. “The company European Electronics Ltd. has become the ninth company in SEZ Technopolis Moscow engaged into the high-tech manufacturing. On the territory of SEZ the organization is going to launch the production of boards of different types and management systems”, said Gennady Degtev, CEO of SEZ Technopolis Moscow.

The expected amount of revenues of the company in 2020-2029 is RUR 3.24 billion. The payroll for the same period– RUR 524.8 million. With the status of SEZ resident the enterprise will enjoy lower rates of obligatory payments saving RUR 91 million in 9 years.

“Modern infrastructure of the industrial cluster in Pechatniki, easy logistics and the location almost in the center of the City of Moscow together with he hubbing of similar high-tech manufacturers on the territory will allow to take all the advantages of the location in the “right” place with relevant atmosphere and encouraging management”, said Andrey Smirnov, deputy CEO of European Electronics Ltd.