Bekaert Lipetsk opened the second phase of the plant

The second stage of the production of steel cord for tire reinforcement launched today a resident SEZ "Lipetsk" Factory Ltd "Bekaert Lipetsk."

Construction of new area took about a year, the total investment in the company by the end of August totaled nearly 1.8 billion by the end of the year they will rise to 2.04 billion

"Bekaert Lipetsk" became one of the first residents of the special economic zone "Lipetsk" — this status it received in 2008. The first phase of the company was launched in January 2010, its capacity is 6.5 million tons per year. Used for the production of imported raw materials. Launching the second phase will increase the production capacity of 15 thousand tons per year, to be used will be the Russian wire rod. Has also increased the number of employees from 108 in 2010 to nearly 200 people.

At the opening ceremony, Chairman of the Board of directors of "Bekaert" Baron Beise said, launching a new line of production was the next step to make the plant one of the leading companies in their field — and in the field, and in Russia. He highly appreciated the level of professionalism of local professionals.

— Now we start the second stage of production and while planning to make a break. However, the question of further investment in the Lipetsk plant has already been discussed at the last Board of Directors. Under favorable economic conditions (in the first place — the stability of) the forecasts are positive. We believe that our choice of the production site in Russia was impeccable: Lipetsk is a successful strategic location, well-developed transport system, available energy — said the baron Beise.

Meanwhile, Lipetsk Enterprise Group Company "Bekaert" remains today the only one in Russia. And what’s next for the SEZ "Lipetsk" the company did not hide it is assumed that the third stage of production can be started as early as 2013, production will increase to 30 million tons per year, the investment — to 3.2 billion rubles, and Number of employees — 300 people.

But familiarity with the production process of the enterprise remains relatively closed — that is one of the principles of the policy of the company worldwide. This is due to the fact that the company uses in enterprises own innovative technology for research and development which is annually spent about 70 million euros.

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