# Azov-Tek plans to launch new plant for RUB 2.3 billion in 2024

Azov-Tek, a Russian manufacturer of light-alloy car wheels and coatings, plans to launch a new plant for machinery and metalworking products in the Rostov region in Q2 2024. The investment is RUB 2.3 billion, creating 130 jobs and doubling wheel production capacity to 1 million units per year.

- Type: New facility
- Announced: 2023-12-14
- Where: Rostov region, Russia, Russia
- Value: $25.0M (2.30B RUB)
- Jobs: 130
- Starts operating: Q2 2024
- Status: announced
- Capacity: 1 million wheels per year
- Products: light-alloy car wheels, metalworking products
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Azov-Tek](https://endata.com/companies/74437.md)

## Sources

- [kommersant.ru](https://www.kommersant.ru/doc/6397371), 2023-12-14: "Компания планирует во втором квартале 2024 года запустить новый завод по выпуску изделий машиностроения и металлообработки за 2,3 млрд руб."

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