ColorMaster JV to set up the production of the foamed paint in Gomel-Raton FTZ (Belarus)

ColorMaster JV,located in Belarus, is going to set up production of the foamed paint in Gomel-Raton Free Trade Zone, the Belarussian Telegraph Agency reports.
ColorMaster, a Russian - Belarussian joint venture, is incorporated as a resident entity of Gomel-Raton FTZ.
The capital investment project of the company is aimed to develop a new, environmentally safe foamed paint production for wallpaper painting.
The competitive position will be reached due to high-quality materials and modern technologies. All ColorMaster products are to be exported to the Russian market.
The project is expected to be implemented over 2006-2010 period and involves 1,1 thousand sq.m. spare production area of the Gomel Kristall production association facility. 

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