# Cheboksary Power Plant to expand forklift production with $7.2M investment

Cheboksary Power Plant (ChZSA) signed an agreement to invest 600 million rubles (approx. $6.6 million) to expand production of SILANT forklifts in Cheboksary, Chuvashia, Russia. The 8,000 sqm facility will add 1,000 units per year of capacity and create 360 jobs, with launch planned in 2024.

- Type: Expansion
- Announced: 2024-02-20
- Where: Cheboksary, Chuvashia, Russia
- Value: $6.60M (600.0M RUB)
- Jobs: 360
- Starts operating: 2024
- Status: announced
- Capacity: 1,000 units per year
- Products: forklift trucks
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Cheboksary Power Plant](https://endata.com/companies/75720.md)

## Sources

- [cheboksary.ru](https://www.cheboksary.ru/business/134836_cheboksarskij_zavod_silovyh_agregatov_rasshirit_proizvodstvo_vilochnyh_pogruzchikov.htm), 2024-02-20: "Новое производство позволит не только нарастить объемы выпуска вилочных погрузчиков СИЛАНТ на 1000 единиц в год, но и создаст 360 новых рабочих мест."

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