Russia bolsters military potential in South to respond to emerging threats — defense chiefMilitary & Defense July 26, 16:09
Moscow to frame stance on new sanctions once US bill becomes lawRussian Politics & Diplomacy July 26, 16:03
Kazakhstan hopes to develop its own module for joint space station with RussiaScience & Space July 26, 15:34
EU diplomats move to slap more sanctions on Russia over Siemens turbines furorBusiness & Economy July 26, 15:11
London court binds Ukraine to pay par value of Eurobonds to RussiaBusiness & Economy July 26, 15:05
Siberian scientists suggest using fluorescent proteins to analyze toxicityScience & Space July 26, 14:56
Moscow Zoo’s breeding center home to world's endagered speciesSociety & Culture July 26, 14:53
EC announces readiness to defend European interests against US sanctionsBusiness & Economy July 26, 14:24
Official says it's up to Turkey as NATO member to decide on purchase of Russian S-400World July 26, 14:09
VLADIVOSTOK, September 10 (Itar-Tass) —— The construction of a plant for producing high voltage electro-technical equipment by the South Korean company Hyundai has begun in the city of Artem of the Primorsky Territory on Friday.
As ITAR-TASS learnt at the press centre of the administration of the Primorsky Territory, the plant is to be put into operation in September 2012. It will provide Primorye with additional 400 jobs.
“The whole energy complex of Russia today needs modernization and huge investments, including in Primorye,” Russian First Deputy Prime Minister Igor Shchogolev said speaking at the stone-laying ceremony of the new enterprise. “Therefore, it is important for the region’s development that a plant for producing electro-technical equipment will be built here.”
According to Hyundai estimates, as outdated electric supplying systems will be modernized in Russia, the demand for equipment which the plant will produce in Primorye will grow. Its sales in Russia last year amounted to 48.6 million dollars, and the demand for it will grow up to 93.5 million dollars by 2013.
Simultaneously with the beginning of the construction of the plant, a new collage, which will train workers for it, will be opened in Vladivostok.