# Sber to finance aluminum profile plant in Armavir, Russia

Sber will finance the construction of a casting and pressing plant for aluminum profiles in Armavir, Russia, with a total investment exceeding 21 billion rubles. The plant will have a capacity of 60,000 tonnes per year.

- Type: New facility
- Announced: 2024-06-06
- Where: Armavir, Krasnodar Krai, Russia
- Value: $235.0M (21.0B RUB)
- Status: announced
- Capacity: 60,000 tonnes per year
- Products: aluminum profiles, aluminum ingots
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Armavir Metallurgical Company](https://endata.com/companies/70825.md)
- [Sberbank](https://endata.com/companies/56530.md) (investor)

## Sources

- [dg-yug.ru](https://dg-yug.ru/news/20140942.html), 2024-06-06: "Создаваемые теперь и на Кубани производственные мощности алюминиевого кластера страны станут важной частью импортозамещения в промышленности и укрепления технологического суверенитета страны."

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