Business · Companies · 2 hrs ago
Ashinskiy Plant Continues Work on New Rolling Mill
The Ashinskiy Metallurgical Plant is continuing work on a new rolling mill in Russia’s Chelyabinsk Region.
Regional Governor Alexey Teksler said the project is a major investment for the plant.
He said the regional government is helping carry out the project, with part of its funding coming from an industry development fund.
The work is continuing as investment and construction activity have slowed, according to Teksler.
He said this slowdown has reduced output and profitability at metal-making plants.
The sources give no launch date or further details on the project’s next steps.
Ashinskiy Metallurgical Plant is continuing a major investment project to build a new rolling mill, Chelyabinsk Region Governor Alexey Teksler told TASS.
The project is continuing amid a decline in investment activity and a slowdown in construction.
Teksler said those conditions had reduced production and profitability at metallurgical plants.
The Chelyabinsk Region is helping the plant carry out the project.
Part of the investment is financed through the industry development fund, Teksler said.
- Who
- Ashinskiy Metallurgical Plant is carrying out the project, with support from the Chelyabinsk Region.
- What
- The plant is continuing construction of a new rolling mill.
- When
- TASS reported on the project on November 10, 2026.
- Where
- Ashinskiy Metallurgical Plant, in the Chelyabinsk Region, Russia.
- Why
- Teksler said the plant was preparing for better times amid declining investment activity and a construction slowdown.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Plant
- Ashinskiy Metallurgical Plant
- Project
- New rolling mill construction
- Location
- Chelyabinsk Region, Russia
- Regional governor
- Alexey Teksler
- Funding
- Partly financed from the industry development fund
What people are saying
There is a need to prepare for better times during this period.
We help, investments are partly financed from the industry development fund.