# IEK GROUP launches 1.3 billion ruble expansion of metalworking plant in Yasnogorsk

IEK GROUP launched a project to expand and modernize its metalworking production facility in Yasnogorsk, Tula region, with a budget of nearly 1.3 billion rubles. The project includes building a 12,000 sqm workshop and introducing new technologies for producing metal enclosures, radius accessories, and ladder trays.

- Type: Expansion
- Announced: 2020-01-17
- Where: Yasnogorsk, Tula region, Russia
- Value: $20.0M (1.30B RUB)
- Status: announced
- Products: metal enclosures with mounting panels, radius accessories for metal cable trays, ladder cable trays
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [IEK Group](https://endata.com/companies/27743.md)

## Sources

- [ruscable.ru](https://www.ruscable.ru/news/2020/01/17/Krupnyj_proekt_IEK_GROUP__novyj_proizvodstvennyj_k/), 2020-01-17: "Программа Фонда развития промышленности поможет реализовать данный проект максимально эффективно за счет предоставления 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.