# ChTPZ Group to modernize crane fleet at PNTZ with RUB 300 million investment

ChTPZ Group began a project in September 2020 to modernize the crane fleet at Pervouralsk New Pipe Plant (PNTZ), investing about RUB 300 million to commission approximately 25 new overhead cranes by 2025. Two new cranes have been commissioned and five modernized so far.

- Type: Investment
- Announced: 2020-12-29
- Where: Pervouralsk, Russia
- Value: $4.10M (300.0M RUB)
- Starts operating: 2025
- Status: under construction
- Products: overhead cranes
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [ChTPZ Group](https://endata.com/companies/50587.md)
- [Pervouralsk New Pipe Plant](https://endata.com/companies/52171.md)

## Sources

- [old.oborudunion.ru](http://old.oborudunion.ru/publications/releases/32966), 2020-12-29: "Инвестиции в проект составят около 300 млн рублей"

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