After finishing construction of the second production line in the Lipetsk SEZ in the first quarter of 2019, OBO Bettermann Production will start designing the third line for the production of cable support systems later this year, said Ivan Koshelev, Head of the Lipetsk SEZ.
The total price of the three-line facility project is estimated at around RUB 17 billion, including RUB 7–8 billion to be spent on the third line. To build the third production line, the company asked for an additional plot of 17 ha. As a result, the plant’s total area will be increased to 25 ha.
According to Bettermann, its facility in Russia will produce cable support, lightening protection, connection and fastening systems for the oil and gas, chemical, engineering, food and other industries.
In 2014, Bettermann spent RUB 1 billion to purchase a site of approximately 4 ha from Belon-Metakon, a bankrupt Russian company. After opening its first Russian facility in 2016, Bettermann’s site was expanded to build the second production line. As soon as the line is commissioned (in March or April), the company will start constructing the third line.
Established in 1911 by Franz Bettermann, OBO Bettermann is a producer of fittings for lighting devices, with a product portfolio of more than 30,000 items in seven product categories. The company’s annual revenue in Russia exceeded EUR 30 million in 2016. OBO Bettermann Production, a Lipetsk subsidiary with the charter capital of RUB 1 billion, was established in 2006. According to SPARK-Interfax, the company had RUB 609.4 million in revenue and RUB 676.3 million in costs in 2017, with over RUB 45 million spent on taxes. The company is run by Boris Lokhman as its General Director.
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