Siberia | Industry, manufacturing

RATM ploughs $108m into Altaysky Tractor

3 Oct '08
Moscow multi-industry group RATM Holding intends to invest $108m in a major upgrade of equipment at its subsidiary Altay tractor factory Alttrac, sources in the tractor factory said earlier today.

70% of the amount required will be in loans, the sources added.

Under plan is retooling for the launch of serial production of new A-600 tractors.

The upgrade will actually mean construction of a new factory, a factory spokesman said, as old semi-automated lines will be replaced with computerized gear and laser units.

Earlier Marchmont reported that Alttrac had re-started work after a bankruptcy procedure (see news of August 27).
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations: Altai; Altaysky krai

Tags: RATM Holding (1) / Alttrac (1) / Altay Tractor Factory (0) /

Latest News: Siberia
22 Apr '20 | Technology & innovation
9 Apr '20 | Technology & innovation | Telecoms, media
 

Feature stories

21 May '20
Russian and Italian researchers have developed a...
5 Apr '20
To extend the service life of medical fabric masks—an...
26 Feb '20
A Russian developer has come up with its own...
Search (News archive - 22012)

World of the Future, World of AI

Luc Jones: A Guide to Doing Business in Russia and the CIS Countries
Why Russians Don't Smile
Advertising
Venture_Russia_2019_eng
Advertising
NATT
Advertising
Marchmont News

Latest News

3 Jun '20
Scientists in Siberia are working on new polymeric...
2 Jun '20
Yandex, the company behind Russia’s largest search...
1 Jun '20
Companies that offer software for the monitoring of...

Most read stories from last week

1 Jun '20
Companies that offer software for the monitoring of...
2 Jun '20
The Ministry of Health of the Russian Federation...
2 Jun '20
The StarLine unmanned vehicle, which is being...