Permskie Motory OAO : Perm Engine Company: new lands development

10.12.2013 Perm Engine Company: new lands development

At the end of the summit some agreements were reached concerning beginning of procedures of transfer the land belonging to the Ministry of Defense of the Russian Federation (the territory of the former military command in Motovilikha district on East belt route) to the property of Perm region administration. When these transfer procedure are finished building of new production sites will be started.         

Vladislav Masalov, General Director of OJSC 'United Engine Building Corporation": 

- Today United Engine Building Corporation is realizing the program of technical re-equipment. As to Perm Engine Company, we can say the following: under the instruction of Denis Manturov, Minister of Industry and Trade of the Russian Federation, we have elaborated two variants of development - reconstruction of the existing production powers of "PMZ" and transfer of the enterprise out of the city territory. At the moment an active discussion of the second variant is held: all the materials, concerning the matter are being considered in the Ministry of Industry and Trade, and we do hope that this plan will be approved. In my opinion, this variant is right and more effective in the long-run.   

Sergey Popov, Managing Director OJSC 'Perm Engine Company": 

- Perm region authorities plan that we will become the anchor developer of the new site (the total territory of it is 200 ha, and our enterprise needs only 40 ha): the main part of the area is intended for creation of technopolis. The territory will allocate small production companies, which will be incorporated to our enterprise.     

As to the terms, the project elaboration works will take all 2014 and half of 2015. From the middle of 2015 we will be able to start building operations.    All in all we think that building process will take maximum 5 years. In 2017-18 sharp increase of production volumes is expected and we 'll find ourselves in a rather difficult situation trying to execute state defense orders without commissioning these above-spoken new production powers. 

"Perm Engine Company" OJSC is a serial manufacturer of aircraft engines for civil and military application and gas turbines for power generation and gas transport.

"PMZ" OJSC is included into "United Engine Building Corporation"- 100% specialized subsidiary of OJSC "UIC "OBORONPROM" for engine building companies assets management. 

"UIC "OBORONPROM" OJSC is a multi-profile machine-building group founded in 2002. It is included into the State Company "Russian Technologies". The primary businesses: helicopter building (OJSC "Russian Helicopters"), engine building (MC "UEC") and others.

State Corporation "Rostechnologies" (Rostech) is Russian corporation created in 2007 to reinforce elaboration, production and export of high-technological industrial products of civil and military purposes. It incorporates 663 organizations, from which 8 holding companies function in defense-industrial sphere and 5 holding companies are run in civil industries. "Rostech" organizations are located in 60 subjects of the Russian Federation and supply production to the markets of more than 70 countries. "Rostech" revenue for 2012 was 931 bln rubles, and net profit 38.5 bln rubles. Tax deduction coming to the budgets of all levels exceeded 109 bln rubles.