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LEMAX Group to Invest More Than 5 Billion Roubles in its Taganrog plants

July 6, 2021: Rostov Oblast Governor Vasily Golubev and of LEMAX Group's C.E.O. Maxim Matusevich signed an investment agreement within the framework of INNOPROM international industrial exhibition, which has been held annually in the city of Yekaterinburg since 2010. Under the new agreement, 5.3 billion roubles will be invested in the production of panel-type radiators in Taganrog.

According to Governor's press service, the funds are intended to build three new production lines. They will help to expand the range of manufactured products, increase production rate and double the capacity.

LEMAX Group is a large industrial production enterprise. The bricks and boiler equipment produced by LEMAX hold the leading positions at this sector. The domestic gas-fired boilers produced by the company since 2003 are among the most successful in Russia. The boilers LEMAX were named "The Best Product of the Don" and one of the "100 Best Products of Russia". They are sold in the Russian domestic market and exported to Belarus, Kazakhstan, and other CIS states.