# Novostal to build $440M hot-rolled sheet plant in Shakhty, Russia

Novostal will invest about 40 billion rubles to build a plant for hot-rolled sheet production in Shakhty, Rostov region, with an annual capacity of 1 million tons. The project will create over 1,500 jobs.

- Type: New facility
- Announced: 2023-07-14
- Where: Shakhty, Rostov region, Russia
- Value: $440.0M (40.0B RUB)
- Jobs: 1,500
- Status: announced
- Capacity: 1 million tons per year
- Products: hot-rolled sheet
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Novostal](https://endata.com/companies/71443.md)

## Sources

- [steelradar.com](https://www.steelradar.com/en/novostal-will-build-a-new-plant-in-rostov/), 2023-07-14: "The Novostal company plans to invest about 40 billion rubles in the project."

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