# Virial launches upgraded cutting tool production line in St. Petersburg

Firma Virial has upgraded its production line for metal-cutting tools in St. Petersburg, Russia, increasing annual capacity to 70 tons. The investment exceeded 500 million rubles, with half from the Industrial Development Fund.

- Type: Expansion
- Announced: 2019-03-20
- Where: St. Petersburg, Russia
- Value: $7.70M (500.0M RUB)
- Status: completed
- Capacity: 70 tons per year
- Products: carbide rods, cutting tools for lathes and milling machines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Virial](https://endata.com/companies/38123.md)

## Sources

- [as-tim.ru](https://as-tim.ru/news/obnovlennoe-proizvodstvo-rezcov-dlya-stankov-zapushheno-v-sankt-peterburge/), 2019-03-20: "Фирма «Вириал» усовершенствовала линию изготовления резцов по металлу и сопутствующих материалов."

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