Lipex Engineering to build basalt fiber plant in Gukovo, Russia

Lipex Engineering GmbH finalized a contract to build a turnkey basalt fiber production plant in Gukovo, Rostov Oblast, Russia. The plant represents an investment of EUR 50 million, will employ 160 people, and have a yearly capacity of more than 5 tons. Completion is expected within two years.

“The plant represents the company’s plan to make basalt fiber one of its key growth areas.”compositesworld.com

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• compositesworld.comLipex Engineering to build basalt fiber production plant in Russia | CompositesWorldHannah MasonJun 4, 2019

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