The Uralvagonzavod corporation will increase its charter capital by 1.2 billion rubles
26.01.2012 — News
On February 2, 2012, the Board of Directors of the Uralvagonzavod Research and Production Corporation, OJSC, will consider increasing the public company's charter capital by 1.2 billion rubles.
UVZ's press office told RusBusinessNews that the issue will be payable to the state, as part of the federal program to develop the country's military-industrial complex. According to data from May of 2011, 39,652 billion rubles of the corporation's charter capital was held by the government.
The funds will be used to for the technical upgrading of the corporation's businesses, in particular, ChTZ-Uraltrak - Europe's largest manufacturer of industrial tractors. There are plans to invest up to 15 billion rubles between 2011-2013 in the modernization of this production facility belonging to Uralvagonzavod.
|Regions||Project participants||Investment projects||Consulates and Trade Offices||News and Analysis||About the Project|
© RusBusinessNews, 2009.
All rights reserved.
Establishing a hyperlink to RIA RusBusinessNews is required for using any of the material published on this website.
News and analytical reviews are translated into foreign languages by the TRANSLIT Translation Agency
|«Sum of technologies»®