Cable and wire production plant will open in Blagoveshchensk in Bashkiria

Tatyana Aksyutina

The new resident of the "Blagoveshchensk" PDA (priority development area) invests 668 million rubles in semi-finished products for cable and wire products.

The Bashkir Industrial Holding LLC (BPH LLC) intends to spend the bulk of its investments on the purchase of modern energy-saving imported equipment to ensure a full production cycle, the Ministry of Economic Development of the Republic of Bashkortostan reported.

The investment project is planned to be implemented during 2021-2027. The enterprise will employ 40 people.

The investor is also considering the possibility of creating a full cycle of production of cable and wire products, which will require the construction of new industrial facilities, increase production capacity and create related industries.

BPH LLC was registered in Blagoveshchensk in October 2021; the founders of the company are Elena and Alexander Orlov. The company's activities are registered for 23 types of economic activity, including the production of wires and cables.

PDA residents can apply reduced tax rates, insurance premium rates, and other federal and regional preferences.

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