# Technonicol to invest over RUB 1 billion in glass wool production expansion

Technonicol announced on November 8, 2023, plans to invest over RUB 1 billion in 2024 to expand and modernize glass wool production capacity acquired from URSA Eurasia in Chudovo and Serpukhov, aiming to increase output by 30%.

- Type: Investment
- Announced: 2023-10-26
- Where: Chudovo, Novgorod Oblast; Serpukhov, Moscow Oblast, Russia
- Starts operating: 2024
- Status: announced
- Capacity: 53,000 tonnes per year (current), 30% increase planned
- Products: mineral wool insulation based on glass fiber
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Technonicol](https://endata.com/companies/28410.md)

## Sources

- [realty.ria.ru](https://realty.ria.ru/20231108/steklovolokno-1908125639.html), 2023-10-26: "Инвестиции будут потрачены на расширение и модернизацию действующих мощностей"

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