LIPETSK, Russia (Sept. 16, 2011)—N.V. Bekaert has opened a steel cord plant expansion in Lipetsk, and is considering further such projects at the site.
The investment included constructing a building, installing machinery and hiring and training personnel. The company said the plant employs about 200 and will add more workers in line with future growth.
Bekaert entered steel cord production in Russia since the beginning of 2010 and has built a growing customer base in the region, the company said.