Construction of the plant, equipped with a fully robotic lines shall start in Taganrog, Rostov Region on the territory of «Lemax industrial complex». The production capacity of the first stage shall make 600,000 radiators per year with a potential growth of output up to 1.2 million radiators a year. The output production will be focused on the market of the Customs Union.
Total amount of investments shall be 1.5 bln. rubles. PJSC «Sberbank of Russia», in partnership with major European banks shall provide the investment loan in the amount of 650 mln. rubles for the payback period of 10 years. The project envisages the creation of 96 new jobs. Start of production is planned for February 2018.
General Director of «Lemax» Group of Companies Maxim Matusevich said that the new plant would become one of the leading manufacturers of radiators in Russia.