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RUSAL (50%) and SGK-Invest (50%) formed a joint venture, Bogoslovsky Cable Plant, to build a cable and wire production facility in the Krasnoturyinsk priority development area. The plant will produce oil-submersible cable, flexible aluminum cable, and self-supporting insulated wire, with an investment of 1.083 billion rubles and 90 jobs. Launch is planned for November 2017.