January 10, 2013. Uralvagonzavod Corporation carried a financial report drawn up in accordance with the IAS for 2010-2012 for the first time, the corporation's press service reports. The corporation members are positive that this is going to become an important step on the way to getting rated by the international agencies such as Fitch, Moody's, S&P in the first quarter of 2014 faster. This means the corporation will become more investment-attractive and get access to the market of more affordable financial resources. The three-year consolidated financial audit was conducted by

January 10, 2013. Uralcryomash, a member enterprise of Uralvagonzavod Corporation, made some profit for the first time over the last few years. The revenues of Nizhniy Tagil-based enterprise reached 2,372,63m RUR in the eleven months of 2013 alone, and the net profit came to 48.52m RUR, the corporation's press service reports. 'The results of this performance mean Uralcryomash will be able to carry production upgrades and improve the employees' working conditions. Last year, a flame metal-cutting unit was installed at the plant, for example. The unit is currently used for

January 10, 2013. Transport Machine-Building Design Office (KBTM, a member enterprise of Uralvagonzavod), looked into the preliminary results of 2013. Meeting the government defense order was one of the primary success indicators for this year: KBTM made three times more goods and did three times more work within this order last year than a year earlier, Uralvagonzavod Corporation's press service reports. The enterprise is now investing heavily in production upgrades. Some of the departments have been given new equipment for the first time since 1985. KBTM becoming Russia's only

January 10, 2013. Uralvagonzavod Corporation member enterprises launched a special New Year Campaign with festive events for employees and their children, Uralvagonzavod Corporation's press service reports. A show for children and adults was coordinated at I.V. Okunev Palace of Culture at the corporation's head plant in Nizhniy Tagil: there were 26 children's shows called A Trip to Lapland and 10 game shows in the palace square as well as 10 shows for the older spectators and a number of office parties. There were some 70 different events altogether. The best teams of

January 10, 2013. Yekaterinburg-based Uraltransmash, one of Uralvagonzavod Corporation's key divisions, finished the year off in a very impressive way: the company fulfilled the government defense order for the year 2013 as early as November, the corporation's press service reports. 'The target figures for civil goods output were also met: this year, Uraltransmash made and sold 51 trams. This is the largest figure since the time tram production was actually launched at the plant. All these trams were delivered to various Russian cities,' the message says. The 71-407 trams

January 10, 2013. Burevestnik Scientific Research Institute that is based in Nizhniy Novgorod and is a member of Uralvagonzavod Corporation fulfilled the government defense order for 2013, the corporation's press service reports. The company managed to improve all of its performance indicators over the year. For one, the company's production output went up by 1.5 times in 2013 compared with 2012 and reached 4.5bn RUR (including an 10% increase in the R&D sector, a 73% increase in the mass production sector, and a 59% increase in exports). Sales actually doubled and amounted to

January 10, 2014. Magnitogorsk Iron & Steel Works (MMK) and Ulyanovsky Car Factory (UAZ) signed a cooperation agreement for 2014, MMK reports. Under this agreement, MMK is to deliver some 60,000,000 kg of rolled metal goods in 2014, which will fully cover the car factory’s flat rolled product needs. The range of products varies from hot- and cold-rolled goods to etched rolled goods to rolled goods with special coatings. The agreement also provides for a pricing formula that will correspond with the changes on the metal goods market. ‘Building up on its cooperation with the car making