1 Jun '11
Sverdlovsk region-based federally-owned rail cars manufacturer Uralvagonzavod has announced plans to invest a total of $465m in development of production facilities at its subsidiary Chelyabinsk tractor plant Uraltrac in 2011-2020.
The project is reportedly to be financed with the funds, allocated from the federal budget under the program “RF Defense Industry Complex Development in 2011-2020”, the corporation’s funds, as well as loans.
The investment program goal is to launch production of special and civil diesel engines using modern machine-building technologies, the firm said.
Under plans, the funds are to be used to overhaul all the plant’s production complexes: casting and forging complex, thermal complex, mechanic complex, trial complex, as well as control complexes.