On June 3, within the XXIV St. Petersburg International Economic Forum (SPIEF), a cooperation agreement was signed by and between the Kaluga Region and ORAC on the second stage of production enterprise to produce innovative decorative interior products. This document was signed by the Governor of the Kaluga Region Vladislav Shapsha and General Director of ORAC LLC Ivan Kotov.
ORAC LLC is a resident of the Vorsino Industrial Park. It is part of the ORAC holding, which was founded in 1970 in the city of Ostend, Belgium. The company produces today a wide range of interior stucco moldings using modern technologies, including moldings, washboards, cornices, wall panels, etc.
The ORAC holding includes two factories, one of which is in Ostend, Belgium, and the other is located in the city of Lipany, Slovakia. These factories manufacture all products under the brand name of ORAC DECOR, which is known today and is constantly in demand in more than 90 countries around the world.