# Magnitogorsk Precision Metalworking Plant to expand with new machines and workshop

Magnitogorsk Precision Metalworking Plant (MZTM) will receive a 50 million ruble loan from the Chelyabinsk Region Industrial Development Fund to buy new lathes and a boring-milling machine, and expand its production workshop. The total project cost is 94 million rubles, creating 9 jobs, with launch planned for end of 2026.

- Type: Expansion
- Announced: 2026-11-03
- Where: Magnitogorsk, Chelyabinsk Oblast, Russia
- Value: $940K (94.0M RUB)
- Jobs: 9
- Status: announced
- Products: deformation tools, precision metal parts
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Magnitogorsk Precision Metalworking Plant](https://endata.com/companies/14985.md)
- [Chelyabinsk Region Industrial Development Fund](https://endata.com/companies/14986.md) (investor)

## Sources

- [verstov.info](https://www.verstov.info/news/society/magnitogorskiy-zavod-poluchit-ot-krupnyy-transh-na-pokupku-vysokotochnykh-stankov), 2026-11-03: "Благодаря расширению производственных мощностей завод сможет лучше контролировать сроки изготовления и значительно увеличит выработку продукции, что повысит его конкурентоспособность и усилит позиции на рынке."

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