May 30, 2013. Uralvagonzavod Scientific & Production Corporation’s head plant drew up a list of its investment priorities. This year, the company intends to direct 11.4bn RUR to the development of Uralvagonzavod, the corporation’s press service reports.

Uralvagonzavod is currently implementing over 35 different projects and programs, and about 15 are being elaborated at the moment. Last year, the Nizhniy Tagil-based plant’s development budget amounted to nearly 4.5bn RUR, which is about 20% more than the record-setting figure for 2011 – 3.7bn RUR. The better part of this money (3.9bn RUR) was directed to upgrades and re-equipment as well as the launch of advanced technologies.

The company definitely sees the reconstruction of its special production facilities as its top priority at the moment. This is done within the framework of the state-funded Russia’s Defense Industry Development Program for 2013-2020. This year, 1bn RUR was allocated from the federal budget, and the company is also investing 1bn RUR from its own funds, as this is the proviso of this public-private partnership. In 2013, Uralvagonzavod is willing to invest more and faster to make sure the new special-purpose goods are ready to be mass-produced in time.