24 February 201509:24
KULZ to invest 1bn RUR in custom machinery repairs
February 24, 2015. Kamensk Uralsky Foundry Plant (KULZ, a member enterprise of Uralvagonzavod Corporation) is going to invest about 1bn RUR in reconstruction of friction discs used in its special-purpose machinery. Uralvagonzavod Corporation’s press service reports the repairs are part of a special-purpose government program that is co-financed by the state budget funds (60%) and KULZ itself (40%). The project is to be completed by the end of 2017. ‘The program’s primary goal is to ensure import replacement. KULZ is to replace their Ukrainian supplier of friction discs, which is why building