# Lemax expands steel radiator production in Taganrog with Sber financing

Lemax, a Taganrog-based manufacturer of boilers and radiators, has acquired imported equipment with over 800 million rubles in financing from Sber to expand production of steel radiators. The third production line will launch in Q3 2024, with total investment of about 3 billion rubles.

- Type: Expansion
- Announced: 2024-02-21
- Where: Taganrog, Rostov Oblast, Russia, Russia
- Value: $33.0M (3.00B RUB)
- Starts operating: Q3 2024
- Status: under construction
- Products: steel radiators
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Lemax](https://endata.com/companies/75769.md)
- [Sber](https://endata.com/companies/75770.md) (investor)

## Sources

- [dg-yug.ru](https://dg-yug.ru/news/20128472.html), 2024-02-21: "Общий размер инвестиций в третью очередь составляет порядка 3 млрд рублей."

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