Swedish truck maker Volvo Trucks said on Thursday it will cease production in its plant in Russia’s Kaluga from April 13 to 30 due to the situation related to the coronavirus spread, Lenta.ru reports.
"Taking into consideration the adverse epidemiological situation with the novel coronavirus infection (COVID-19) spread, the need...
German automotive giant Volkswagen said Tuesday it will stop production in its Russian plant between March 30 and April 10 due to lack of components supplied from European plants, the company told TASS.
"Due to the lack of components supplied from European plants Volkswagen Group Rus will temporarily halt production...
Turkey’s Tersan Shipyard has signed a contract to build a new 108-meter freezer stern trawler for one of Russia's leading fishing companies. Okeanrybflot’s new vessel is slated for delivery in mid-2022 and will be the sister vessel to newbuild no. 1096 planned to be launched in June this year,...
U.S.-sanctions-hit Russian company Power Machines, owned by billionaire Alexei Mordashov, has decided to fully withdraw from its joint venture with a subsidiary of Siemens and sell its 35% share to the German industrial giant, sources told Kommersant.
Under the terms of the joint venture, Power Machines has an option once...
Russia’s Alrosa, one of the world’s top diamond producers, is set to take the lead in the global colored-diamond market as the closure of Australia’s Argyle mine – currently the largest supplier of the precious rare stones – becomes imminent.
“ the closure of the Argyle mine in Australia, we...
The Association of Furniture and Woodworking Industry of Russia (AMEDORO) has asked the government to renew the ban on the purchase of foreign furniture for state and municipal needs, TASS reports.
Russian entrepreneurs may lose 10 billion rubles only in this year, the industry group said.
"The Association of Furniture and Woodworking...
Russian concern Avtomatika (part of state-run tech conglomerate Rostec) has supplied the first batch of mobile systems providing protection from unmanned aerial vehicles (UAVs) to Russian oil and gas companies, CNews.ru reports.
"Some systems of identification of and resistance to drones have been provided for the fuel and energy complex....
French pharmaceutical company Sanofi has said it plans to expand its insulin production facility Sanofi Aventis Vostok in Russia’s Orlov Region, The Pharma Letter reports.
“2019 is a successful and productive year for Sanofi-Aventis East. We launched a full pharmaceutical production cycle within the shortest time of Toujeo SoloStar,...
Russia’s most popular car brand, Avtovaz’s Lada, sold 362,356 units in Russia in 2019 - a gain of 1% on the previous year, with the company saying its Russian market share in all light vehicles, increased from 20.0% to 20.6%, Just-auto.com reported.
The two leading sales models on the Russian...
Russia is leading the world in terms of its weaponry, the country’s president Vladimir Putin said on Wednesday during his annual state of the nation address, but added that the country is not a threat to peace, CNBC reports.
“Russia’s open to improving relations and collaborations with all the partners,...
