# Technovek to expand Udmurtia valve foundry with 297M ruble project backed by FRP loan

Udmurtia oil and gas equipment maker Technovek plans to expand its foundry section in Votkinsk with a 297 million ruble project, of which 146 million rubles may come as a concessional loan from the Fund for Industrial Development. The upgrade aims to raise monthly output of gate valves and fountain fittings and to boost exports by 202% by 2023.

- Type: Expansion
- Announced: 2019-05-14
- Where: Votkinsk, Udmurtia, Russia
- Value: $4.57M (297.0M RUB)
- Status: announced
- Capacity: Gate valves from 5000 to 6000 per month; fountain fittings from 500 to 600 per month
- Products: gate valves, fountain fittings, foundry castings
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Technovek](https://endata.com/companies/5019.md)
- [Fund for Industrial Development](https://endata.com/companies/651.md) (investor)

## Sources

- [armavest.ru](https://armavest.ru/news/rynok/tekhnovek-planirut-uvelichit-ezhemesyachnvypusk-truboprovodnoy-armatury-s-pomoshchyu-frp/), 2019-05-14: "Стоимость проекта составляет 297 млн рублей, из которых 146 млн рублей могут быть предоставлены Фондом развития промышленности в виде льготного займа."

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