# Cheta-Kranex signs investment contract to expand excavator production

Cheta-Kranex signed a special investment contract (SPIK) with the Russian Ministry of Industry and Trade to increase production of full-slewing excavators weighing 12-52 tons and expand its product line. Planned investment is about 900 million rubles.

- Type: Expansion
- Announced: 2026-04-02
- Where: Ivanovo, Russia, Russia
- Status: announced
- Capacity: 181 excavators planned for 2026
- Products: full-slewing excavators, crawler excavators, wheel excavators
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Cheta-Kranex](https://endata.com/companies/94833.md)

## Sources

- [i3vestno.ru](https://i3vestno.ru/news/2026/04/02/ivanovskiy_zavod_chetra_kraneks_planiruet_vypustit_okolo_200_ekskavatorov_), 2026-11-05: "В рамках СПИК будем выпускать колесные экскаваторы, хотя до этого специализировались на производстве гусеничных."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.