Holding OBO Bettermann announced the production expansion in SEZ LIPETSK.

2 April 2019
On April 2, 2019, Ulrich Bettermann, President of the OBO Bettermann Group of Companies, at a meeting with the Acting Head of the Lipetsk Region Administration Igor Artamonov, announced his decision to invest 20 million euros in expanding production, which is successfully conducting industrial production in the Lipetsk Special Economic Zone.

Business meeting was attended by Dmitry Averov, Deputy Head of the Administration of the Lipetsk Region, Ivan Koshelev, General Director of JSC Lipetsk Special Economic Zone, and heads of structural divisions of the regional administration.

Acting head of the administration of the Lipetsk region, Igor Artamonov and Mr. Bettermann discussed the prospects for the enterprise development and came to a common understanding on expanding business on Lipetsk land. According to the decision, the Lipetsk special economic zone will build a new hot-dip galvanizing shop and the largest logistics center using the latest technologies.

We remind that in September 2016, the ceremonial opening of the German plant concern OBO Bettermann, which specializes in the production of cable support systems, lightning protection systems and fastening materials, took place on the territory of the Special Economic Zone “Lipetsk”. The new production center is one of the largest and the ninth holding site. The volume of investments in the project amounted to more than 2 billion rubles.

At the plant opening, Ulrich Betterman, President of the OBO Bettermann, noted that, despite the crisis in the global and Russian economies, as well as the stagnation of hydrocarbon prices, Russia's tendency to move away from the raw material model creates new opportunities for the development of a knowledge-based economy and the discovery of high-tech and technological production. It was these prerequisites, as well as the growing demand for high-quality products and equipment for wiring that led the Holding's management to the decision to expand the business internationally.

The main consumers of OBO Bettermann Holding are companies of various industries, infrastructure facilities, administrative and residential facilities, leisure and entertainment, reconstruction of monuments of historical and cultural heritage. The company's products manufactured in the Lipetsk special economic zone are designed not only for the Russian market. Taking into account the strategic position of Russia, the concern considers the export of products of the Lipetsk plant to neighboring countries, including China, as one of the promising areas for the development of Russian capacities.

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