Monday, January 25, 2021
The Rostselmash group, a Russian manufacturer of agricultural equipment, intends to launch the production of Versatile tractors currently assembled on the company’s site in Canada within the framework of building a new tractor plant in Rostov-on-Don, the press service of the Russian agricultural machinery producer told TASS on Monday. "The...
US Secretary of State Mike Pompeo voiced Washington’s concerns over China’s attempts to buy Ukraine’s Motor Sich engine building company during his phone call with Ukrainian President Vladimir Zelensky, US State Department press service disclosed Saturday, TASS reported. "Secretary Pompeo raised U.S. concerns regarding malign PRC investment in Ukraine, including...
Russia expects a deal with AstraZeneca for it to manufacture a COVID-19 vaccine being developed by the pharmaceuticals giant and Oxford University to go ahead despite allegations it has been trying to steal vaccine data, its wealth fund head said, Reuters reported. Britain’s National Cyber Security Centre said on Thursday...
Capacity utilization of systemic companies in the Russian automotive industry declined from 50% to less than 30% after two months of the lockdown due to the coronavirus pandemic, Izvestiya newspaper reports on Saturday, citing data of the Russian Ministry of Industry and Trade, TASS reported. Automobiles production plummeted by 60.2%...
Finnish forestry group UPM-Kymmene said on Tuesday it would permanently close its Jyvaskyla mill, which produces spruce and birch plywood in central Finland, Reuters informs. “Competition in the birch plywood market is increasing constantly. New birch plywood capacity has been built especially in Russia, where the production cost level is...
Russian plant of Toyota carmaker in St. Petersburg has resumed full operation on Tuesday, a spokesperson with the company told TASS. On March 30, the plant suspended the work of the conveyor in line with the decree of President Vladimir Putin on non-working days in Russia due to the coronavirus...
Kamaz plans in August 2020 to complete certification and start production of Euro-6 eco-friendly trucks for the Russian car market, the company’s CEO Sergei Kogogin said in a statement, TASS reported. According to Kogogin, despite the fact that Euro-5 environmental standards are currently in force in Russia, the company is...
Advance government procurements of motor vehicles will total 33,500 units in May - July, Russian Minister of Industry and Trade Denis Manturov said on Sunday in an interview with the Rossiya-24 TV Channel. "We provisionally worked out this program related to the automotive industry support in the government. This pertains to...
The pharmaceutical company Evalar, which produced ten coronaviruses in Biysk in the Altai Territory, halted all production except the release of antiseptics, antiviral drugs, and vitamins, TASS reported. According to TASS in the Altai Territory Administration for Food, Processing, Pharmaceutical Industry, and Biotechnology, ten people were detected at the Evalara...
A gauge of Russian manufacturing slumped to the lowest level since records began in 1997 as coronavirus lockdowns across Europe choked demand. The Manufacturing Purchasing Managers’ Index fell to 31.3 in April, down from 47.5 in March, IHS Markit said on Thursday. The median estimate of eight economists surveyed...

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