Ural Vagon Zavod Adopts Development Strategy for 2017-2025
24 November 2016 (15:16)
UrBC, Yekaterinburg, November 24, 2016. Ural Vagon Zavod Corporation’s Board of Directors unanimously adopted the corporation’s development strategy for 2017-2025, the holding’s press service reports.
‘Our adopted strategy is based on several key development components: improvements in our management system; increase in sales; leadership in innovation and military and transport machine-building, with at least a 75% share of innovative goods in the company’s overall output; new partnerships in R&D, production, and sales; improvements in operational efficiency; increase in labor productivity comparable with the best Russian practices,’ the press service says.
The strategy implementation process will be three-fold: 2017-2018, 2019-2021, and 2022-2025, so as to reach the target figure of some 300bn RUR in revenues, a 19.7% EBITDA, and 24.5bn RUR in net profit by 2025.
The mechanisms for reaching the goals above are set out clearly in the strategy. There is a roadmap with over 600 points on the list, most of which are to be dealt with in the next two years.
As a result, Ural Vagon Zavod is to turn into a diversified integrated holding with a full production cycle from manufacturing to recycling.
‘Our adopted strategy is based on several key development components: improvements in our management system; increase in sales; leadership in innovation and military and transport machine-building, with at least a 75% share of innovative goods in the company’s overall output; new partnerships in R&D, production, and sales; improvements in operational efficiency; increase in labor productivity comparable with the best Russian practices,’ the press service says.
The strategy implementation process will be three-fold: 2017-2018, 2019-2021, and 2022-2025, so as to reach the target figure of some 300bn RUR in revenues, a 19.7% EBITDA, and 24.5bn RUR in net profit by 2025.
The mechanisms for reaching the goals above are set out clearly in the strategy. There is a roadmap with over 600 points on the list, most of which are to be dealt with in the next two years.
As a result, Ural Vagon Zavod is to turn into a diversified integrated holding with a full production cycle from manufacturing to recycling.
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