# Intermash receives 235 million rubles for machine tool production

Intermash, a machine tool plant in Lipetsk, received 235 million rubles from the Industrial Development Fund for a 580 million ruble project to produce turning, milling, and 5-axis machining centers, as well as linear guides and spindle units, at the Sozidatel industrial park in Yelets.

- Type: Investment
- Announced: 2017-07-05
- Where: Yelets, Lipetsk Oblast, Russia, Russia
- Value: $4.00M (235.0M RUB)
- Status: announced
- Products: turning centers, vertical milling centers, 5-axis machining centers, linear guides, spindle units, cast iron castings
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Intermash](https://endata.com/companies/17364.md)

## Sources

- [dixinews.ru](https://dixinews.ru/news/ekonomika/intermash-poluchit-235-mln-rubley-na-razvitie-importozameshchayushchego-proizvodstva/), 2017-07-05: "Фонд развития промышленности направит липецкому станкостроительному заводу «Интермаш» финансирование на сумму 235 млн рублей"

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