# Zavod Tyazhelykh Stankov Ulyanovsk invests in modernization of Rostok group plant

OOO Zavod Tyazhelykh Stankov Ulyanovsk, part of Czech group ALTA, will invest 150 million rubles in each of two stages to modernize OAO Ulyanovsky Zavod Tyazhelykh i Unikalnykh Stankov, owned by Rostok group. The first stage ends in August 2020, the second in 2021.

- Type: Investment
- Announced: 2020-01-21
- Where: Ulyanovsk, Russia, Russia
- Value: $4.80M (300.0M RUB)
- Status: announced
- Products: heavy machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Zavod Tyazhelykh Stankov Ulyanovsk](https://endata.com/companies/44686.md)
- [ALTA Group](https://endata.com/companies/44687.md) (investor)
- [Ulyanovsky Zavod Tyazhelykh i Unikalnykh Stankov](https://endata.com/companies/44688.md) (target)
- [Rostok Group](https://endata.com/companies/44689.md) (partner)

## Sources

- [bbgl.ru](https://bbgl.ru/news/16309), 2020-01-21: "ООО «Завод тяжёлых станков Ульяновск», входящий в чешскую группу компаний ALTA, инвестирует по 150 миллионов в каждый этап модернизации ОАО «Ульяновский завод тяжёлых и уникальных станков»"

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