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POZIS produced goods worth RUB 10 billion in 2017

POZIS produced goods in the amount of RUB 10 billion in 2017, Rostec informed.

"For the first time in the contemporary history, the company produced marketable goods and services for a total amount of more than RUB 10 billion," CEO Radik Khasanov was quoted as saying in the company's statement.

It should be recalled that in July 2017, Rostec approved POZIS's strategy assuming, among other things, the four-time growth of revenue from sales of civilian goods to RUB 21 billion by 2025.

POZIS is operating as part of Rostec Corporation's Weapons cluster. Besides its traditional microcaliber ammunition production business, POZIS is actively developing in the segment of household and medical refrigerating equipment being one of the leading manufacturers of cooling systems in Russia. POZIS supplies large appliances and hi-tech medical refrigerating equipment to the civil market.

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.

"AK&M", 11.01.2018 18:10


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