# Cheboksary Power Units Plant to expand forklift production with FRP loan

Cheboksary Power Units Plant (ChZSA) has received approval for a RUB 375.1 million concessional loan from the Russian Industrial Development Fund (FRP) to expand production of SILANT brand forklifts and axles. The total project budget is RUB 751.8 million, with capacity of up to 840 forklifts and 1,350 axles per year, creating 360 jobs.

- Type: Expansion
- Announced: 2022-07-26
- Where: Cheboksary, Russia
- Jobs: 360
- Status: announced
- Capacity: 840 forklifts and 1,350 axles per year
- Products: forklifts, drive axles, steer axles
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Cheboksary Power Units Plant](https://endata.com/companies/64350.md)
- [Industrial Development Fund](https://endata.com/companies/3818.md) (investor)

## Sources

- [truckmix.ru](https://truckmix.ru/news/cheboksarskii-zavod-silovih-agregatov-rasshiryaet-proizvodstvo-vilochnih-pogryzchikov-silant), 2022-07-26: "Экспертный совет Фонда развития промышленности РФ одобрил выделение льготного займа Чебоксарскому заводу силовых агрегатов на организацию производства вилочных погрузчиков под брендом «СИЛАНТ»."

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