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6th June 2019, Munich

Lipex to build basalt fibre plant in Russia

The company earlier announced plans to deliver a basalt fibre nonwoven production line to the Chinese market. Lipex Engineering, located near Munich, a specialist in the state-of-the-art technology for the glass fibre manufacturing industry, has finalised a contract with ABV Holding to build a turnkey plant for production of basalt fibres in Russia.

The production plant, representing an investment of EUR 50 million, will be built in Gukovo in Rostov Oblast, and is expected to be completed within the next two years. It will employ 160 people and offer an annual production capacity of over 5,000 tonnes.

The contract is a further step in the company’s plans to focus on basalt fibre production as a key area for future growth. Since change of ownership in the end of 2017, Lipex Engineering has been committed to building new business and reputation with focus on customer orientation and new developments. Now, it aims to help increase the demand for basalt fibres

The company also announced plans to deliver a basalt fibre nonwoven production line to the Chinese market in April. The delivery of the line will be during 2019 and the start-up of the line is planned for first half of 2020. This line will produce basalt tissue mainly for Chinese niche composites market. The annual capacity of the line is over 140 million m² and running speed is up to 180 m/min, the company reports.

“This delivery continues the strong focus of Lipex Engineering in the Chinese glass and basalt fibre industry,” said Tapio Korhonen, Lipex Engineering Commercial Director. “Since change of ownership end of 2017, Lipex Engineering has been determinedly building new business and reputation with focus on customer orientation and new developments.”

www.lipex.de

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