Genborg

Genborg LLC, which officially opened its plant in Usmansky District, Lipetsk region in November 2016 for 1.3 billion rubles, has started production of its first batch of electric motors, with plans to reach 25,000 motors per year by end of 2017 and 75,000 per year after a second phase by end of 2019.

Genborg plans to build an additional workshop to expand production of asynchronous explosion-proof and industrial electric motors, funded by a 710 million ruble credit line from Sberbank. The new capacity is expected to launch in Q2 2017.

OOO Genborg (part of TSNO-Khimmash Group) opened a new plant in Usman, Lipetsk region, Russia, to produce asynchronous electric motors. Investment was 1.357 billion rubles. The plant has capacity of 25,000 units per year and will create over 630 jobs.