At the Chamber of Commerce and Industry in Rostov region of Russia, LIPEX Engineering and ABV Holding have concluded a contract to build a delivery plant for the production of basalt fibers.
The production plant will be built on the territory of Gukovo in Rostov Obrose, Russia. The annual production capacity is more than 5,000 tons. The investment in the project will reach 50 million euros. The project implementation period is 2 years. A turnkey plant producing basalt materials will provide an additional 160 workplaces.
This contract continues the focus of the LIPEX project in the basalt fiber industry. Since changing hands at the end of 2017, Lipex Engineering has always been customer-oriented, constantly developing new businesses and establishing new credibility.
LIPEX Engineering has a keen interest in increasing demand for basalt fibers and provides production technology and know-how for this growing area.
Basalt fiber production technology will be one of the key areas of LIPEX Engineering's future development.