# Energokomplekt plans EUR 40M investment in cable production by 2035

Vitebsk-based Energokomplekt plans to invest nearly EUR 40 million in equipment by 2035, aiming to increase production volume 2.5 times to $500 million per year and create over 300 new jobs. The company will build new production halls totaling about 25,000 sq m.

- Type: Investment
- Announced: 2020-09-24
- Where: Vitebsk, Belarus
- Value: $47.0M (40.0M EUR)
- Jobs: 300
- Starts operating: 2035
- Status: announced
- Products: cable and wire products
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Energokomplekt](https://endata.com/companies/50136.md)

## Sources

- [belta.by](https://belta.by/regions/view/vitebskij-energokomplekt-do-2035-goda-investiruet-v-razvitie-proizvodstva-pochti-40-mln-evro-408114-2020/), 2020-09-24: "За почти 30-летнюю историю предприятие развивается на одной площадке, где мы пытаемся втиснуть оборудование в существующие производственные площади."

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