# Forte holding to build €40M pump plant near Azov with Italy's S.A.I.P.

Russian trading holding Forte announced plans to build a large pump manufacturing plant near Azov, Rostov region, in cooperation with Italian firm S.A.I.P., at an estimated cost of €40 million. The holding has acquired a site of over 100,000 sq m and targets production launch by mid-2021, with up to 700 jobs.

- Type: New facility
- Announced: 2019-11-28
- Where: Azov, Rostov Region, Russia
- Value: $44.0M (40.0M EUR)
- Jobs: 700
- Status: announced
- Products: pumps, pumping equipment
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Forte](https://endata.com/companies/5837.md)
- [S.A.I.P.](https://endata.com/companies/5836.md) (partner)

## Sources

- [gorodn.ru](https://www.gorodn.ru/razdel/novosti_kompaniy/sdelki/torgovets-nasosami-postroit-pod-azovom-zavod-za-40-mln-evro/), 2019-11-28: "Стоимость проекта 40 млн евро."

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