Russian missile factory to increase production volume by 17%

IZHEVSK, 28 August. /TASS/. A factory in Udmurtia, western Urals, that manufactures the Bulava and Topol-M ballistic missiles plans to increase the output at the yearend by 17% to $402.2 million, the Director General of the enterprise, Viktor Tolmachov told reporters during a meeting the regional President, Alexander Solovyov in the city of Votkinsk where the factory is located.

"We’re working exactly in compliance with the plan, like we did at the beginning of the year," Tolmachov said. "We’ll finish the year with 27 billion rubles ($402 million at the current exchange rate TASS). We aren’t falling. We’re growing instead and we’ll finish the year with a 17% increase."

At present, Votkinsky Zavod (the Votkinsk Factory) is building up a portfolio of orders for next year.

"We’ve met the production targets for this year and now we’re getting advanced payments for next year," Tolmachov said. "The factory has two or three work shifts a day."

"The volumes of the state defense order are increasing because we’ve earned the reputation of an enterprise that fulfills the state defense orders year after year," he said.

Votkinsky Zavod experts say its output of manufactured items totaled $160 million in the first six months of the year — up 9.2% versus the same period in 2014.

As of 2015, the factory embarked on an investment project worth $83.1 million and aimed at the revamping and technology overhaul of production facilities, which will last continue through to December 2019. The factory plans to spend $21.8 million for the purpose this year.

Votkinsky Zavod is the batch manufacturer of Iskander-M tactical missiles, Topol-M strategic missiles and sea-based Bulava ballistic missiles.

It also manufactures commercial produce, including appliances for the oil and gas industry, nuclear plant equipment, metal-cutting units, and custom-made equipment.