Lipex Engineering to build €50M basalt fiber plant in Gukovo, Russia

Munich-based Lipex Engineering GmbH announced plans to build a new basalt fiber production plant in Gukovo, Rostov, Russia. The €50 million facility is expected to be completed in about two years and will employ 160 engineers, producing 5 tons of basalt fiber composites.

“The new production plant is expected to be completed in about two years from now, and it will cost around 50 million euros for the firm.”industrytap.com

• 1 source
• industrytap.comLipex Engineering Ups Its Basalt Fiber Game With a New Russian PlantBill ToulasJul 24, 2019

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