The management of the Russian car seat producer AvtoVAZagregat, one of the largest suppliers to carmaker AvtoVAZ, has pledged to fully repay wage arrears by September, a spokesperson for the Samara region government reported. The company has transferred a total of 156.6 million rubles of liabilities to dismissed employees. AvtoVAZagregat has been idle since July…
Production of ships at Russia’s Far Eastern shipyard Zvezda will start this year and the pilot order will be delivered in 2019, oil major Rosneft CEO Igor Sechin said at a ceremony to launch the shipyard’s first stage. “A project to create a modern shipyard complex Zvezda, which moved under a full control of Rosneft…
Russian car producer Sollers has started UAZ exports to China and Vietnam and plans to enter the market of Chile as well, CEO Vadim Shvetsov reported. Asia, Middle East and Africa are the main markets for the company’s exports, he said. “We supply some cars to Latin America. We’ve started supplies to China. The volumes…
Russia’s State Space Corporation, Roscosmos, has announced a tender to create space robots (Kosmorobot) that will assist cosmonauts during their extravehicular activities. The project’s contract price tag comes to 2.4 billion rubles ($36.78 million). This information has been published on the public procurement website. According to the technical design assignment, the robots will have to…
India intends to invest more than 20 billion rupees ($300 million) in the creation with Russia’s assistance of a logistics center of spare parts for Russia’s Sukhoi Su-30MKI fighters at the facilities of India’s state-owned aerospace and defense company Hindustan Aeronautics Limited (HAL), a source in the Indian Defense Ministry reported. “To date, the main…
Kyiv-based state-run Antonov enterprise and Aerospace Industry Corporation of China (AICC) have signed an agreement on cooperation under the An-225 Mriya aircraft program, the Ukrainian company’s press service has said. “The parties have expressed their intention to cooperate in the long-term outlook, which foresees the construction of the second sample of the modernized An-225 Mriya…
According to the Chinese newspaper “Economic Information Daily”, the Hong Kong-based company China Airspace Industry Group Ltd signed a collaboration agreement with the Ukrainian company Antonov on August 30, in Beijing to establish production sites of the An-225 heavy lift aircraft in China. China Airspace Industry Group Ltd would get, according to the text, all…