09.02.2012

Oboronprom delegation visits Salut

Moscow. February 9, 2012 — A delegation from Oboronprom headed by CEO and member of the central committee of the Russian Engineering Union Andrey Reus visited Federal State Unitary Enterprise ‘Gas-Turbine Engineering Research and Production Center’ Salut. The visit to the factory was part of the delegation’s trip around all the key companies in the Oboronprom Group, as well as those working with the corporation.

The Oboronprom delegation was treated to a demonstration of the latest high-tech equipment that is part of the production of modern aviation technology.

As part of the working visit with representatives of the corporation, Salut General Director Vladislav Masalov told about the plant’s results for 2011, as well as production and financial plans for 2012. And so, the company’s revenue for 2011 grew 11.1% to 19.093 billion rubles. The production volume for the new AL-31F engine and modifications grew by 25.9% and for the AI-222-25 engine, by 20%. The number of engine repairs grew by 7%. In 2012 the company is planning 20% revenue growth.

“In 2012 we are planning to prepare our Baranov affiliate for mass production of the AI-222-25 engine and to fully implement our anti-crisis program for the affiliate. The volume of cooperation with UEC and Oboronprom is also pegged to increase,” said Vladislav Masalov. “Today all of United Engine Corporation’s biggest projects are being developed together with Salut. The company is included in projects to create technological competency centers, and is part of the engine for military aviation division. The cooperation sorted out two years ago on the AFAS project, and other programs, have allowed us to coordinate out actions in the closest cooperation,” noted Andrey Reus.

The Oboronprom leadership were also acquainted with events at Salut in 2011 to pull the company’s affiliate — the Baranov Omsk engine-building Plant — out of crisis. Over the year, the basic production structure was optimized — the total volume of active production facilities was decreased, a new unified production building was constructed where assembly lines are organized on objective characteristics (a line for turbine blades, a line for parts and gearbox accessory units, and a single center for programming and servicing automated work stations and so on), and the management structure was streamlined. Baranov’s takings in 2011 amounted to 1.767 billion rubles.

After the working visit with Salut management, Andrey Reus met with the company’s assets.

Information:

Federal State Unitary Enterprise ‘Gas-Turbine Engineering Research and Production Center’ Salut is one of the largest Russian companies specializing in planning, production, modernizing, and servicing and repair of gas turbine engines for various applications.

United Engine Corporation is a wholly-owned subsidiary of OBORONPROM specializing in engine-building assets.

OBORONPROM is a multi-faceted machine-building group of companies, founded in 2002. It is part of the Russian Technologies group of companies. Its primary activities include helicopter building (Russian Helicopters) and engine-building (UEC), and other assets.


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