A new development company strategy has been approved for the Motovilikha Factories through 2017.
The plant management has decided to develop metallurgical production while maintaining the monthly volume of crude liquid steel produced at 12,000 tons.
The Board of Directors approved a plan to suspend production of flat steel sheet until October 1, 2013 due to losses in this area, the news agency EAN reports.
Motovilikha also intends to strengthen its position in oil and gas equipment production.
The total investment program before 2017 totals 6-8 billion rubles, of which about half is intended for the acquisition of special equipment.
Vladimir Litvin, Head of the Business Procedures and Property Complex Department of Rostec, was elected on May 28 as Chairman of the Board of Directors of the factory.
Motovilikha Plants is one of the oldest Russian industrial enterprises, which was founded in 1736. It manufactures metal products, oil extraction equipment, cranes, road vehicles, artillery systems for the army and navy, as well as multiple launch rocket systems (MLRS).
The plant’s main military production plans are connected with deliveries of the following Russian military missile systems: Tornado G (heavily upgraded MLRS “Grad”), Tornado C (heavily upgraded MLRS “Smerch”), A-190 naval vehicles and new prospective self-propelled artillery systems. It also plans to export the MLRS “Smerch” and “Grad” as well as “Vena” self-propelled artillery. After the company underwent retooling, the company then became able to produce artillery in all of the major calibers, ranging from 57 to 155 mm.
Rosoboronexport and NPO Splav (which are both part of Rostec) own 25% and 10% stakes, respectively, in Motovilikha Plants. Around 15% is owned by the subsidiary Ural bolshegruznaya tekhnika --- Uralvagonzavod, and private shareholders own 35% of shares.