OREANDA-NEWS. The branch of Ingosstrakh Insurance Company in the Vladimir Region has provided insurance for a new electric engineering plant put into operation in the beginning of October this year. The plant belongs to EAE ELEKTRIK А.S., a Turkish group of companies.

Pursuant to the terms of the agreement, the objects of insurance are the commodity stocks and supplies, the equipment, as well as the building of the plant. The property is provided with insurance protection in the framework of the integrated insurance program, which compensates for the damage caused by fires, flooding, explosions, natural disasters, illegal third party acts, as well as for the damage related to other situations included in the list of insured events.

The plant will manufacture cable-support systems for electric wiring, bus bar power distribution systems, energy efficient LED lamps and fluorescent lamps. This is the first industrial facility in the region to manufacture products that will find demand throughout Russia.

The insured enterprise is one of the largest foreign investment projects implemented in the Vladimir Region.

EAE ELEKTRIK A.S. was established in 1973 and is an electric engineering industry enterprise. Today, EAE enterprises operate worldwide, and the company's industrial plants have been built in Italy, UAE, India, Egypt, Saudi Arabia, and there are also several plants in Turkey. Since 2014, the company is also present in Russia.