# GK Avangard to invest RUB 1.1 bln in restarting Shakhty Polyester Plant after fire

GK Avangard will invest RUB 1.1 billion to restart and expand the Shakhty Polyester Plant after a January 2024 fire. The plant is expected to resume production soon. Additionally, the group plans to invest RUB 1 billion in a new nonwoven fabric production line.

- Type: Investment
- Announced: 2024-06-06
- Where: Shakhty, Rostov Oblast, Russia
- Value: $12.2M (1.10B RUB)
- Starts operating: 2024
- Status: under construction
- Products: polyester fiber, nonwoven fabric (spunlace)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [GK Avangard](https://endata.com/companies/77914.md)

## Sources

- [rostov.rbc.ru](https://rostov.rbc.ru/rostov/freenews/6661d86f9a79472e83df7bcd), 2024-06-06: "Инвестиции в расширение мощностей «Шахтинского полиэфирного завода» после пожара на нем в январе 2024 года составят 1,1 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.