# Krasny Kotelshchik plans fourfold rise in investment to 550 million rubles

Taganrog Boiler Plant Krasny Kotelshchik, part of Silovye Mashiny, plans to invest 550 million rubles in modernizing production in 2018, almost four times the previous year.

- Type: Investment
- Announced: 2018-03-12
- Where: Taganrog, Russia
- Value: $8.50M (550.0M RUB)
- Status: announced
- Products: boilers, pipe fittings
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Krasny Kotelshchik](https://endata.com/companies/4261.md)
- [Silovye Mashiny](https://endata.com/companies/4262.md) (partner)

## Sources

- [gorodn.ru](https://www.gorodn.ru/razdel/novosti_kompaniy/investproekty/krasnyy-kotelshchik-planiruet-uvelichit-investitsii-vchetvero/), 2018-12-03: "В текущем году на модернизацию производства Таганрогский котлостроительный завод планирует направить 550 млн рублей."

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