Joint venture SimRoss and Lamifil

Lamifil built a production plant in Russia

SimRoss and Lamifil will establish a 50/50 joint venture in Russia with state of the art aluminium alloys wire drawing and stranding facilities for the purpose of producing and marketing a new generation of high voltage overhead conductors.

The initial investment will amount to 15 mio €.

The SimRoss-Lamifil company will employ ca. 40 people and will be located in Uglich, Yarovlavl region, Russia.

The start up of the production is scheduled for early 2012.

The Group of companies SimRoss (www.simross.ru) has been providing engineering services and equipments supply to the electrical power industry for 15 years and implements “turn-key” projects for energy, construction, metallurgy, petrochemical and oil-and-gas industries, offering the full range of services.

Over the years the SimRoss Group has developed a sales network all over Russia. At present SimRoss has 11 branches in important Russian industrial cities.

The Group realizes an annual turnover of ca. 125 mio € and employs ca. 400 people.

 Press release JV Simross-Lamifil

For further information, please contact Koramic Investment Group, Mrs. Saskia Despiere (saskia.despiere@koramic.be or by telephone +32 56 249 606)

Lamifil: Frederic Scheidlaan, 2620 Hemiksem, Belgium – www.lamifil.be
SimRoss: Kaliningradskaya Street 16, Korolev 141070, Russia – www.simross.ru