# Midea Group invests RUB 1B in refrigerator factory in Tatarstan, Russia

Midea Group, through its legal entity Continent Production Solutions, will invest 1 billion rubles to build a refrigerator and freezer factory in the Alabuga special economic zone in Tatarstan, Russia, with production start planned for 2021.

- Type: New facility
- Announced: 2020-11-18
- Where: Alabuga, Tatarstan, Russia
- Value: $13.5M (1.00B RUB)
- Jobs: 276
- Starts operating: 2021
- Status: announced
- Capacity: 350,000 units per year by 2023
- Products: refrigerators, freezers

## Companies

- [Midea](https://endata.com/companies/1678.md)
- [Continent Production Solutions](https://endata.com/companies/51296.md) (investor)

## Sources

- [bbgl.ru](https://bbgl.ru/news/17897), 2020-11-18: "Предприниматели намерены локализовать в России производство морозильников и холодильников."

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