# OBO Bettermann to expand production in Lipetsk with third plant

OBO Bettermann will expand its production in the Lipetsk special economic zone with a third plant for cable management systems. Total investment in the project is about 17 billion rubles, with over 7 billion rubles for the third plant. Construction of the second phase is completing in early 2019.

- Type: Expansion
- Announced: 2019-01-14
- Where: Lipetsk, Russia
- Value: $255.0M (17.0B RUB)
- Status: announced
- Products: cable management systems
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [OBO Bettermann](https://endata.com/companies/36678.md)
- [OBO Bettermann Production](https://endata.com/companies/36679.md)

## Sources

- [if24.ru](https://www.if24.ru/luchshaya-investnovost-dnya-bettermann-rasshirit-proizvodstvo-v-lipetske/), 2019-01-14: "В липецкую ОЭЗ приходят иностранные инвесторы из разных стран Запада, поскольку регион остается одним из самых экономически привлекательных в России."

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