# Severstal invests 600 million rubles in new crane for CherMK

Severstal has concluded an agreement with Ural Works of Heavy Machinery to supply a foundry crane with a lifting capacity of 520 tons to the Cherepovets Iron and Steel Works. The investment totals 600 million rubles.

- Type: Investment
- Announced: 2018-06-20
- Where: Cherepovets, Russia
- Starts operating: Q2 2019
- Status: announced
- Capacity: 520 tons lifting capacity
- Products: foundry crane
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Severstal](https://endata.com/companies/1170.md)
- [Ural Works of Heavy Machinery](https://endata.com/companies/18750.md) (supplier)

## Sources

- [metalukraine.com](https://metalukraine.com/2018/06/20/russia-severstal-to-invest-600-million-rubles-in-new-crane-for-chermk.html), 2018-06-20: "Investments in the project total 600 million rubles."

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