03 June 2019
03 June 2019
At Chamber of Commerce and Industry of the Rostov Region, Russia, LIPEX Engineering has finalised contract with ABV Holding to build a turnkey plant for production of basalt fibres.
The production plant will be built on the territory of Gukovo in Rostov Oblast, Russia. The yearly capacity of the production is over 5.000 tons. Investment in the project will amount to fifty million euros. The project implementation period is 2 years. The turnkey plant for the production of basalt materials will provide an additional 160 working places.
This contract continues the focus of LIPEX Engineering in the basalt fibre industry. Since change of ownership end of 2017, LIPEX Engineering has been determinedly building new business and reputation with focus on customer orientation and new developments.
LIPEX Engineering has a strong interest in increasing demand for basalt fibres and is offering production technology and knowhow for this growing area.
Technology for basalt fibre production will be one of the key areas which LIPEX Engineering is offering in the future.
Photo provided by LIPEX Engineering
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