S.A.I.P.

Russian trading holding Forte announced plans to build a large pump manufacturing plant near Azov, Rostov region, in cooperation with Italian firm S.A.I.P., at an estimated cost of €40 million. The holding has acquired a site of over 100,000 sq m and targets production launch by mid-2021, with up to 700 jobs.

Italian company S.A.I.P. will supply equipment for a pump manufacturing plant that Forte holding is building on a 100,000+ sq m site near Azov, Rostov region, with investment exceeding €40 million. The plant could employ up to 700 people, with launch targeted by mid-2021.