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In 2013, UralVagonZavod Scientific Industrial Corporation (Sverdlovsk Region), a permanent participant of INNOPROM, plans on spending 1 billion rubles out of federal funding on its modernization, in addition to 1 billion of its own funds, states the press service of UralVagonZavod. Thus, the total amount of investments into modernization may reach 2 billion rubles in 2013.
In 2012, UralVagonZavod spent 1.5 billion rubles earmarked under the federal target program “Development of the Defense-Industrial Complex in 2011-2020.” Then a total of 300 items of equipment was purchased.
UralVagonZavod is a multi-sectoral machine building complex that manufactures almost 100 types of products, i.e. military equipment, road-building machines, all-metal gondolas, specialized railroad cars and tanks. The company controls over 45% of the Russian market of freight cars.