Splav Corporation JSC plans to invest RUB 900 million in large-scale modernization of its production facilities located in the Novgorod Region. The project is aimed at production ramp-up to cover the demand from the nuclear industry. The modernization will create 40 new jobs and will be completed by the end of this year.
The respective agreement of intent for the investment project with a leading supplier of pipeline fittings and equipment for nuclear power plants was signed with the government of the Novgorod Region at the SPIEF
“The Corporation closely cooperates with Rosatom, and the equipment produced at our enterprises is used in the construction of nuclear power plants both in Russia and abroad. We are grateful to the management of Splav for their systematic approach not only to the modernization of production and the acquisition of new equipment, but also to the development of our technical and scientific potential,”
Alexander Dronov, Acting Governor said.
The key goal of the project is to upgrade obsolete equipment. This will significantly increase productivity, improve the quality of manufactured products and optimize maintenance costs. Besides, it is planned to improve the ergonomics of the production space, which will create more comfortable and safe working conditions for the company's employees.
“This project is one of the key ones within the framework of global modernization, which the company has been consistently implementing over the last three years. New investments not only contribute to the development of the production base, but also strategically strengthen the company’s position in the domestic mechanical engineering market,”
Natalia Orlovskaya, CEO of Splav Corporation JSC, said.
The modernization of Splav Corporation facilities will strengthen the position of the Novgorod Region as an important industrial center and will allow the enterprise to fully satisfy the growing demand from the nuclear industry.
20 июня 2025 15:18:00
