Bekaert opens Lipetsk steelcord expansion

ERJ staff report (DS)

Lipetsk, Russian Federation - Bekaert has celebrated the opening of its steelcord plant extension in Lipetsk, Russia. The company said it is currently investigating further expansions at the plant.

Bekaert has been present with steel cord manufacturing operations in Russia since the beginning of 2010

and has built a growing customer base in the region.

The investment encompassed the construction of a new building covering 13 000 m², the installation of

infrastructure and state-of-the-art machinery, and the hiring and training of extra personnel. The plant

currently employs close to 200 employees and plans additional recruitments in line with the growth.

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Press release from Bekaert