3 Dec '08
Taganrog boiler plant Krasny Kotelschik intends to increase investment in development to $10.4m in 2009, up 20.8% from this year’s plan, Interfax reported today.
Investment, coming from the company's own funds, is to be pumped into technical upgrades, according to the source.
Under plans is acquisition of a new boring unit to replace a depreciated one producing high-pressure heaters.
The plant is a branch of Moscow power machine-building company EnergoMashinostroitelny Alliance (EMAlliance).