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Machine-building plant of United Engine Corporation to be upgraded

The Chernyshev Moscow machine-building enterprise (operating as part of JSC United Engine Corporation / UEC) has become one of the first clients of Russia's Industry Development Fund under the Conversion program, Rostec informed.

The loan from the Industry Development Fund will be used for implementing a technical retooling project at the machine-building enterprise with the aim of expanding the output of parts and components of the VK-2500 helicopter engine and the new turbo-propeller aircraft engine of the TV7-117 family.

The total cost of the technical retooling project at the Chernyshev Moscow machine-building enterprise is RUB 1.83 billion, including RUB 738.48 million to be provided in the form of a concessional loan after the signing of the loan agreement.

Rostec Group (Russian Technologies Group until December 2012) established in November 2007 is meant to provide assistance to Russian entities of various industries in the development, manufacture and marketing of hi-tech goods domestically and abroad, in carrying out applied R&D to explore promising technologies and in adopting advanced techniques for production to boost the quality of domestic technologies, to reduce the time and cost of their development.

Consolidated net profit of state-owned corporation Rostec for 2016 reached RUB 88 billion. Consolidated revenue of Rostec in 2016 grew by 11% year-on-year to RUB 1.266 trillion. EBITDA amounted to RUB 268 billion.

JSC United Engine Corporation (tax number: 7731644035) operating as part of state-owned corporation Rostec manufactures engines for military and civil aircraft, space software, electricity and heat generation facilities of various capacity, gas compressor units and gas turbine units for vessels.

JSC Chernyshev Moscow machine-building enterprise (JSC Chernyshev MME, tax number: 7733018650) produces by-pass turbojet engine for aircraft with the RD-33 afterburners, engine repair kits, Neptun outboard engines, Krot power cultivators with attachments, turboprop TV7-117S engines equipped with an electronic automatic control system etc. Also, the company repairs and services aircraft engines.

"AK&M", 11.01.2018 17:46


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