A new resident of the Free Port of Vladivostok (FPV), “Modern Technologies and Materials” (LLC STM), will open the production of components for ship repair in the Primorsky region. Under an agreement with the Corporation for the Development of the Far East and the Arctic (FEDC), the volume of investments will amount to 11.8 million rubles, 15 jobs will be created. The new facility, scheduled to launch in 2023, will meet the growing local demand for ship repair components.