# WILO signs 9-year SPIK pump modernisation investment contract in Moscow region

Russia's Ministry of Industry and Trade, Moscow Oblast and Germany's WILO signed a special investment contract on 13 October 2017 to modernise pump production, with over RUB 750 million invested and output over RUB 29.5 billion.

- Type: Investment
- Announced: 2017-10-13
- Where: Moscow Oblast, Russia
- Value: $13.0M (752.0M RUB)
- Status: completed
- Capacity: localization up to 85%; total output over RUB 29.5 billion
- Products: pumps, pumping stations, pump components
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [WILO SE](https://endata.com/companies/1076.md) (investor)

## Sources

- [ruscable.ru](https://www.ruscable.ru/news/2017/10/16/Obschij_obyem_proizvedennoj_produktsii_po_SPIK_s_k/), 2017-10-16: "Контракт рассчитан на 9 лет, предусматривает достижение степени локализации продукции до 85% и дополнительные инвестиции объемом более 750 млн руб."

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