New electric cable production facility opened in Bugulma

23 July 2013, Tuesday
On 22 July 2013, Bugulma Electric Pump Plant (BENZ) held an opening ceremony of a new facility for the production of electric cables for oil industry. The ceremony was attended by President of Tatarstan Rustam Minnikhanov, Deputy Prime Minister and Minister of Industry and Trade Ravil Zaripov, top executives of BENZ, Veles Capital Investment Group, Tatneft, US-based Weatherford, and other dignitaries. The cost of the project is RUB 200 million; payback period, 3 years; its annual output is projected at 720 km of cables. The facility is scheduled to attain the projected capacity in 2014.
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