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RUSAL joint cable enterprise built a new aluminum cable plant to promote capacity digestion

 Last Update: 2022-12-03
 Source: Internet
 Author: User

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RUSAL has signed a cooperation agreement with cable manufacturer ELKA-Cable Cable Company to jointly build a new cable production plant - Bogoslovsk Aluminum Cable Factory
.

According to the agreement, the two parties will each hold 50% of the shares and jointly spend 19 million US dollars to build the new Bogoslovsk cable plant
.
The site will be located near Rusal's existing Bogoslovsk aluminum plant, which will be mainly used to produce aluminum wire aluminum cable products such as insulated cables, submarine cables and flexible cables for the Russian and CIS markets
.

Alexey Arnautov, head of the new project at Rusal, said, "The joint cable plant is to further increase our share of
the wire and cable market.
The construction of the new plant will also play a positive role in promoting local economic and social development, and is expected to create 100 jobs
.
”

According to the plan, the Bogoslovsk aluminum cable plant will start construction at the end of this year, and after the start of production, the plant will further expand the product offering, including copper wire copper cable
.

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