# Technonicol to invest RUB 1 billion in glass fiber production expansion

Technonicol will invest 1 billion rubles in 2024 to modernize production capacities at two glass fiber plants in Chudovo and Serpukhov, Russia, acquired from URSA in 2023. The company aims to increase output of mineral insulation by 30% by 2025.

- Type: Expansion
- Announced: 2023-11-08
- Where: Chudovo, Novgorod Oblast and Serpukhov, Moscow Oblast, Russia
- Value: $11.0M (1.00B RUB)
- Starts operating: 2025
- Status: announced
- Capacity: 30% increase in output
- Products: mineral insulation based on glass fiber
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

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

## Sources

- [mashnews.ru](https://mashnews.ru/texnonikol-vlozhit-1-mlrd-rublej-v-rasshirenie-proizvodstva-steklovolokna.html), 2023-11-08: "Технониколь намерена нарастить здесь объемы производства минеральной изоляции на основе стекловолокна."

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