# EPM Group signs 2.7 bln ruble investment contract for graphite electrode modernization

The Ministry of Industry and Trade of Russia, the Government of the Rostov Oblast, and EPM Group signed a special investment contract to modernize graphite electrode production at the EPM – Novocherkassk Electrode Plant. The project involves over 2.7 billion rubles in investment by the end of 2023.

- Type: Investment
- Announced: 2019-06-07
- Where: Novocherkassk, Rostov Oblast, Russia
- Value: $42.0M (2.70B RUB)
- Starts operating: 2023
- Status: announced
- Products: graphite electrodes
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [EPM](https://endata.com/companies/39096.md)

## Sources

- [el6group.ru](https://www.el6group.ru/en/press-czentr/novosti/the-ministry-of-industry-and-trade-of-the-russian-federation,-government-of-the-rostov-oblast,-and-the-epm-group-has-signed-a-special-investment-contract-valued-at-2.7-bln-rubles/), 2019-06-07: "As part of the project, it is planned to invest more than 2.7 bln rubles into the development of the production of large cross-section graphite electrodes by the end of 2023"

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