Russia's Novostal-M to Create 1,800 Jobs with New Rolling Mill in Balakovo
2026-06-09 14:11
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en.Wedoany.com Reported - Saratov Oblast Governor Roman Busargin discussed the formation of a metallurgical industrial cluster in the Saratov region at the St. Petersburg International Economic Forum.

The regional head noted that the main investor in this direction is Novostal-M (Новосталь-М), which includes a metallurgical plant in the city of Balakovo. The plant has been actively developing for several years.

Representatives of the holding company stated that a large-scale investment plan aimed at strengthening the enterprise includes the construction of a universal rolling mill complex. Most of the equipment has already been purchased, and load-bearing metal structures have been installed. Once operational, the complex will create an additional 1,800 new jobs in the region.

"We will separately study the personnel aspect of this project. The region has secondary vocational education institutions capable of training qualified professionals to meet the plant's needs. In the near future, the Ministry of Education, together with the Ministry of Economic Development, will identify a number of educational institutions that will subsequently cooperate with the enterprise to build a talent pool," Roman Busargin emphasized.

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