Central regions | Industry, manufacturing

Kaluga Turbines’ $33m re-equipment unveiled

10 Mar '09
Kaluga Turbine Works intends to invest more than $33m in re-equipment of its production lines, RIA Novosti reported today, citing company sources.

To carry out its investment program, the company reportedly plans to either get loans or issue $22m worth of follow-on common shares.

As a result of the move, the firm is eyeing a 100% boost in power machinery production by 2012 to the aggregate power capacity of 800MW, the report said.

Kaluga Turbine Works is part of Silovye Mashiny (Power Machines).
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