# OBO Bettermann plans third plant expansion in Lipetsk, Russia

OBO Bettermann confirmed plans to invest about €20 million in a third production facility at its site in the Lipetsk SEZ, Russia. The company is completing the second phase and will start designing the third plant by end of 2019.

- Type: Expansion
- Announced: 2019-04-02
- Where: Lipetsk, Russia
- Value: $22.4M (20.0M EUR)
- Status: announced
- Products: cable support systems, lightning protection systems, fastening materials
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [kommersant.ru](https://www.kommersant.ru/doc/3931591), 2019-04-02: "дальнейшие инвестиции в российскую площадку оцениваются примерно в €20 млн."

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