Thursday, January 23, 2020
The biggest manufacturer of construction materials in Russia and Eastern Europe, Technonicol, has completed a $47.8 million investment in its factory in Scotland, a move hailed as a major vote of confidence in the Scottish manufacturing sector, The Scotsman reported. Technonicol, which acquired the business in 2016, has doubled the...
Russian state-controlled carrier Aeroflot is to purchase six re-engined medium-haul Airbus A320neo family aircraft, according to documents posted on the country’s public procurement portal. Deliveries of the aircraft are scheduled for 2020, Rusaviainsider.com reported. The carrier placed a request for proposal (RFP) with a value up to US$566 million to...
Russia’s first luxury car manufacturer, Aurus, is facing challenges in global markets and its future is uncertain, Izvestya writes. According to the newspaper, Toyota, Lamborghini and Michelin have filed protests with the European Union Intellectual Property Office (EUIPO) against the Russian brand’s patent application, claiming that the brand’s name...
Sales of new passenger cars and light commercial vehicles (LCVs) in Russia fell for the first time in nearly two years last month as the effects of a 2% increase in VAT are affecting prices, Vedomosti reports. The market lost 3.6% in February or by 4,771 sold units and amounted to...
Workers at a Ford factory in Russia slated for closure in June could organize a partial shutdown of production this week to protest layoffs of over 1,000 employees, a local labor union leader said Friday, according to Car.ru. Ford Sollers, the American automotive giant’s joint venture in Russia, announced late...
The CEO of Rusal, one of the world’s biggest aluminum producers, has said the company had fully resumed supplies of primary aluminum to the United States and Europe to the level prior to U.S. sanctions imposed last year. "The volume of supplies to Europe and U.S. has been fully resumed...
Russian gold miner Nordgold has formally launched its third mine – the new Gross operation in Yakutia, Russia, which will turn the company into a one-million-ounce a year producer, The Mining Journal reported. The Gross mine will operate for 17 years and is expected to add 200 000 oz/y of gold to...
Russian aluminum major Rusal has reduced its sales of value added products (VAP) in the first quarter by 44 percent from a year ago and by 22 percent from the last quarter of 2018, due to sanctions by the United States, Reuters reported. Rusal was added to a U.S....
Global food and drink packaging company Huhtamaki is investing around $8 million in its fiber packaging operations in Russia to facilitate further growth, the company said in a press release. In addition to the fast-growing Russian market the operations in Ivanteevka, near Moscow, the facility also serves the neighboring countries of Belarus...
Kalashnikov, the most famous arms developer in Russia, has launched a 13-foot tall walking robot that is operated by soldiers that sit inside it with the machine acting as a bulletproof military suit for them, Gizmodo reports. Kalashnikov Group showcased the invention at the Army 2018 Fair, the International Military-Tech...