# Novomet to build high-temperature submersible cable line in Perm

Novomet will launch a new production line for high-temperature submersible cable at the Velta site in Perm, Russia, in autumn 2019. The company plans to invest 600 million rubles and create 70 jobs, with initial capacity of 180 km of cable per month.

- Type: New facility
- Announced: 2018-06-21
- Where: Perm, Perm Krai, Russia
- Value: $9.50M (600.0M RUB)
- Jobs: 70
- Starts operating: Q3 2019
- Status: announced
- Capacity: 180 km of cable per month (initially), can be doubled
- Products: high-temperature submersible cable
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Novomet](https://endata.com/companies/691.md)

## Sources

- [perm.aif.ru](https://perm.aif.ru/economic/permskoe_predpriyatie_otkroet_novoe_proizvodstvo_na_ploshchadke_velta), 2018-06-21: "Предприятие планирует инвестировать в проект 600 миллионов рублей и открыть 70 новых рабочих мест."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.