Ural Vagon Zavod Sets Production Records

30 December 2016 (09:19)

UrBC, Yekaterinburg, December 30, 2016. Ural Vagon Zavod Corporation rounds the year up with impressive production and financial performance results, the company press service reports.

Year’s revenues come to 141.9bn RUR, which is 30% better than one year earlier and 11% better than the all-time high of the year 2012. This was possible due to increased export of military goods and restoration of the company’s railcar-making branch. The company’s military goods exports and railcar output rose by 2.2 times and 2.4 times, respectively, against last year.

Not only does the plant sell more goods abroad, but it also exports to a wider range of locations and sells a wider range of products and services. For one, this proved the first year Ural Vagon Zavod managed to sell some of its railcars on the external markets. Also, the company offers a lifetime after-sale repair and maintenance services for all of its goods.

According to the corporation’s press service, the plant has adjusted to the difficult conditions (getting sanctioned, the weakened ruble, and stagnating Russian economy) and managed to both keep its existing production facilities working and retain valuable cadre as well as make 863m RUR in net profit.

Other materials on the topic::