# GRC to build $11M machine tool plant in Shchyolkovo, Moscow region

Company GRC is building a scientific-production complex for the development, production and repair of machine tools in Shchyolkovo, Moscow region, with investments of 1 billion rubles. The facility is expected to be commissioned in 2025 and will produce up to 10 metalworking machines annually, creating 300 new jobs.

- Type: New facility
- Announced: 2024-07-24
- Where: Shchyolkovo, Moscow region, Russia
- Value: $11.0M (1.00B RUB)
- Jobs: 300
- Starts operating: 2025
- Status: under construction
- Capacity: up to 10 metalworking machines per year
- Products: metalworking machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [GRC](https://endata.com/companies/8775.md)

## Sources

- [vedomosti.ru](https://www.vedomosti.ru/press_releases/2024/07/24/v-novii-stankostroitelnii-zavod-v-podmoskove-investiruyut-1-mlrd-rublei), 2024-07-24: "Инвестиции в создание нового станкостроительного предприятия оцениваются в 1 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.