Currency converter
News Feed
News Search Topics
Use filter
You can filter your feed,
by choosing only interesting

Russia’s Kalashnikov to quadruple 2014 revenue

September 19, 2014, 17:54 UTC+3 IZHEVSK
Material has 1 page

IZHEVSK, September 19. /ITAR-TASS/. Russian arms producer Kalashnikov, part of state-owned industrial corporation Rostec, plans to increase revenue to $230-260 million (9-10 billion rubles) in 2014, Rostec CEO Sergei Chemezov told reporters on Friday.

The improvement of Kalashnikov’s financial results will be caused by production modernization, Chemezov said.

The company will dismantle 50% of machine tools by the end of the year, but its productivity rate will grow dozens of times, Chemezov said.

Показать еще
In other media