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Ulyanovsk Heavy and Unique Machine Tool Plant (UZTS) is investing about RUB 400 million to expand its machine tool production facility in Ulyanovsk, Russia, creating 50 new jobs, with completion expected by end of 2021.
OOO Zavod Tyazhelykh Stankov Ulyanovsk, part of Czech group ALTA, will invest 150 million rubles in each of two stages to modernize OAO Ulyanovsky Zavod Tyazhelykh i Unikalnykh Stankov, owned by Rostok group. The first stage ends in August 2020, the second in 2021.